London, Wednesday, 26 January 2022
In January 2022, the consumer confidence index in France declined by one point to 99, slightly above market expectations of 98 but below its long-term average of 100, signalling consumer pessimism.
Households' readiness to make large-ticket purchases has declined (-17 vs -14 in December), while their perceptions of their standard of living in the past (-56 vs -53) and the next 12 months (-33 vs -30) have become more negative.
At the same time, the proportion of families who believe that prices will rise in the coming year has grown slightly (-7 vs -8). Savings tendency, on the other hand, increased (33 vs 31).
Source: INSEE, France
(Report and edit by: The Decision Maker)