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Retail

French Consumer Confidence Falls To Lowest Level Since February 2015

By Steve Wynne-Jones
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French Consumer Confidence Falls To Lowest Level Since February 2015

An official measure of French consumer confidence for November fell to its lowest level since February 2015, according to data from the official INSEE statistics agency, marking more signs of sluggishness in the euro zone's second-biggest economy.

The November reading for consumer confidence fell to 92 points from 95 in October.

A Reuters poll of 8 economists had an average forecast of 94 points for the November confidence level.

INSEE said there had been a sharp pick-up in the number of French households expressing concerns over unemployment, while concerns over inflation have also increased due to a rise in oil prices.

France has also been hit over the last week by nationwide protests against diesel tax hikes, which has also been blamed by many consumers for reducing their spending power.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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