Financial News: French Consumer Confidence Weakens To 90

French Consumer Confidence Weakens To 90

11/27/2024 - 04:05:00 (RTTNews)

(RTTNews) - France's consumer confidence worsened further in November to the lowest level in five months, monthly survey data from the statistical office INSEE showed on Wednesday.

The consumer sentiment index dropped to 90 in November from 93 in the previous month. Further, the index remained well below its long-term average of 100.

The index measuring consumers' outlook regarding their financial situation worsened to -13.0 in November from -8.0 a month ago. The sub-index for the past financial situation of households weakened somewhat to -23 from -22.

The proportion of households believing it is a good time to make major purchases showed a slight decline, with the corresponding index falling to -30 from -29.

Consumers were more pessimistic about the future general economic situation in the country. The corresponding index worsened to -51 from -43, and the indicator for the past financial situation also dropped to -69 from -67 in the previous month.

Households' opinion regarding their future savings capacity remained positive but eased in November as the relevant index decreased from 13 to 11.

Consumers' fears about unemployment increased notably as the corresponding balance climbed to 42 in November from 33.

The share of households that believe that prices will increase over the coming twelve months increased further in November.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Bank Of Japan Hikes Interest Rate To 0.5%, Highest Since 2008 (14 min(s), 07 sec(s) ago)
(RTTNews) - The Bank of Japan raised its short-term interest rate to the highest in seventeen year ...Full Story»

Japan Manufacturing PMI Sinks To 48.8 In January - Jibun (10 min(s), 07 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to contract in January, and at a faster pa ...Full Story»

Australia Manufacturing PMI Improves To 49.8 In January - S&P Global (24 min(s), 07 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to contract in January, albeit at a sl ...Full Story»

Japan Rate Decision On Tap For Friday (04 min(s), 07 sec(s) ago)
(RTTNews) - The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce ...Full Story»

Treasury Announces Details Of Two-Year, Five-Year & Seven-Year Note Auctions (14 min(s), 07 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auctions ...Full Story»

U.S. Crude Oil Inventories Dip Less Than Expected (05 min(s), 07 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by less than expected in the week ended Ja ...Full Story»

Eurozone Consumer Confidence Improves In January (13 min(s), 07 sec(s) ago)
(RTTNews) - Euro area consumer confidence grew for the first time in three months in January, but ...Full Story»

U.S. Weekly Jobless Claims Extend Rebound (07 min(s), 07 sec(s) ago)
(RTTNews) - After reporting a rebound by first-time claims for U.S. unemployment benefits in the p ...Full Story»