Indicators
French Consumer Confidence Drops Unexpectedly in November
- Measure of household sentiment falls three points from October
- French government at risk of falling over budget plans
This article is for subscribers only.
French consumer confidence fell unexpectedly in November, adding to economic headwinds as the government struggles to get a budget through parliament without being evicted from power.
The gauge of household sentiment dropped three points to 90, returning to its level in June when President Emmanuel Macron triggered prolonged political uncertainty by dissolving parliament. Economists surveyed by Bloomberg had expected the reading to be stable at 94, though the October reading was revised one point lower to 93.