Key insights
- French consumer confidence declined to its lowest since March 2023 due to rising energy prices and economic uncertainty. This indicates weakening household finances and spending intentions in France. While not a direct US indicator, sustained weakness in major European economies can indirectly impact US equities through global growth concerns.
Investing.com -- French consumer confidence fell further in May as uncertainty and rising energy prices triggered by the war in Iran continued to dent household sentiment.
The consumer confidence index dropped to 82 points this month, down from 84 in April, reaching its lowest level since March 2023, according to Insee data published Wednesday.
Households’ views on their personal financial situation, both past and future, are deteriorating once again, the statistics agency said.
Consumer intentions to make major purchases also declined sharply, Insee reported.
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