All My Thoughts

The level of consumer confidence in the French economic situation is similar to that which prevailed at the height of the financial crisis began in 2008, a negative signal for the consumer to a few weeks holiday season.

The French surveyed by INSEE in November have also never been more pessimistic about their future standard of living and are more likely to anticipate an increase in unemployment, which has already reached a peak of 11.

The composite indicator of consumer confidence stood at 79 on Friday in November and pushed a lowest since February 2009.

• The growth of the French private sector slowed in March
• Wall Street weighed down by distrust, the Dow falls below 10,000
• French growth would stall at year end
• Wall Street awaits the results, fears forecasts
• Why the French consumer is unique