French Consumer Morale Lowest in 3 Years

The consumer confidence indicator in France fell to 84 in April 2026 from 89 in March, below the expected 88. This marks the lowest reading since May 2023 and the largest monthly decline since early 2022. Inflation expectations increased sharply, with past price perceptions turning notably positive (23 vs -7), the biggest increase in over 40 years, while expected inflation rose (11 vs 0), attributed to inflationary pressures stemming from the Iran conflict. Perceptions of both current (-26 vs -20 in March) and expected (-20 vs -13) financial situations deteriorated further, while assessments of saving capacity also weakened in both the current (18 vs 23) and expected (14 vs 16) categories. Households became more pessimistic about their standard of living, both past (-75 vs -67) and future (-69 vs -63), while major purchase intentions declined further (-36 vs -30). Unemployment expectations worsened, rising to 56 from 49.
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