The index dropped 9 points in three months, the sharpest decline since 2022, amid falling expectations for finances and spending.
French consumer confidence fell to 82 in May, its lowest level since March 2023, as economic uncertainty weighed on sentiment. The decline marks a 9-point drop over the past three months, the steepest since 2022, driven by geopolitical tensions and rising living costs.
Sub-indices showed broad weakness, with the expected financial situation plunging to -20 and major purchase intentions sliding to -40, both multi-month lows. The long-term average for the latter stands at -16. Inflation expectations eased slightly to 2 from April’s 10 but remain elevated compared to February’s -29.
Employment conditions held steady, offering a rare bright spot in the otherwise gloomy report.