FX.co ★ French Consumer Morale Worsens in May

In May 2025, consumer confidence in France declined to a reading of 88 from a downwardly revised 91 in April, falling short of the anticipated improvement to 93. This index now moves further away from its long-term average of 100, marking the lowest level since December. There was a noticeable decline in sentiment regarding expected financial situations, which fell to -14 compared to -11 previously, as well as future living standards, which dropped to -59 from -54, reaching its lowest point since April 2023. Additionally, households showed a decreased willingness to make significant purchases, with the index falling to -27 from -23, and the outlook for saving capacity also decreased slightly to 10 from 11. Meanwhile, concerns over unemployment surged sharply to 61 from 52, marking the highest level since May 2015, and inflation expectations saw a minor increase, moving from -38 to -37.