27.09.202309:27:00UTC+00France Consumer Confidence Weakens To 83.0, More Than Forecast

France's consumer confidence decreased in September after staying stable in the previous two months, survey results from the statistical office INSEE showed Wednesday.

The consumer sentiment index stood at a 4-month low of 83 in September, the same as in the previous month. Economists had expected the index to fall to 84.0

Moreover, the index remained well below the long-term average of 100.

Households' assessment of their own future financial situation weakened somewhat in September, with the corresponding index falling to -17 from -16.

However, the index for past financial conditions declined to -34 from -32.

Consumers' opinions on the general economic situation in the country over the next twelve months turned more pessimistic in September. The corresponding index rose to -54 from -53 in July, the survey revealed.

French consumers' view on future saving capacity strengthened, with the relevant measure rising to 3 in September from 2 in the previous month. Similarly, the measure of their current saving capacity dropped to 12 from 13.

The major purchase intentions index gained one point from August to reach -43 in September.

The gauge for the acceleration of inflation in the next twelve months stood at -43 versus -46 in the preceding month.

Households' unemployment concerns were higher in September, as the respective index climbed from 17 to 21.