French consumer confidence hits 13-year low amid unrest
Summary
In October, French consumer confidence fell to its lowest level in 13 years, dropping five points to 80, significantly below the long-term average of 100. This decline reflects increasing pessimism among households regarding their personal finances, living standards, and unemployment prospects, amid challenges such as a bond market selloff and recent protests that escalated into rioting. The sharp deterioration in sentiment raises concerns about its potential impact on household consumption and economic growth in the near term.
Analysis
French consumer confidence: French consumer confidence is an INSEE indicator measuring households’ assessments and expectations regarding their finances, living standards, unemployment, and prices. In October 2026, the indicator fell sharply amid bond-market stress, political uncertainty, cost-of-living protests, and unrest, reaching its lowest level since June 2013. Economic outlook: The deterioration in sentiment increases the risk that political and fiscal uncertainty will weigh on household consumption and near-term economic growth. Financial concerns: Households became more pessimistic about their personal finances, living standards, and unemployment prospects during the month. Household sentiment: INSEE reported that French household confidence declined by five points in October to 80, well below its long-term average of 100.
Categories
macropolitics
Related sources
- https://www.bloomberg.com/news/articles/2026-10-27/french-consumer-confidence-hits-lowest-since-2013-after-riots
- https://www.insee.fr/fr/statistiques/9098942
- https://www.bloomberg.com/jp/news/articles/2026-10-27/TNK2YTKK3NYA00
- https://www.morningstar.com/news/dow-jones/202610272734/french-consumer-confidence-sinks-to-13-year-low-amid-protests-bond-selloff-2nd-update
- https://www.insee.fr/en/metadonnees/source/serie/s1208
- https://www.insee.fr/en/statistiques/serie/000857176
- https://www.insee.fr/en/statistiques/2405582
- https://www.liberation.fr/economie/conso/jamais-la-confiance-des-menages-francais-netait-tombee-aussi-bas-depuis-juin-2013-selon-linsee-20261027_YXHDSXYZ4JGIHEELM4KUG7RVKY/
- https://news.cnyes.com/news/id/6638534
- https://www.straitstimes.com/world/europe/french-consumer-confidence-hits-a-2013-low-in-october-amid-protests?ref=latest-headlines