French Consumer Confidence Hits Lowest Since 2013 Amid Economic Uncertainty

In October 2026, French consumer confidence fell sharply to 80 points, marking its lowest level since June 2013, according to the latest monthly survey by Insee. This represented a decline from a revised 85 points in September, below economists’ expectations who had anticipated stability at that level. The drop reflects growing pessimism among households about their financial future, with the opinion balance on this front plummeting by nine points. Additionally, the share of households considering it a good time for major purchases declined by four points.

The survey also revealed an eight-point increase in the perception of price rises over the past year, following a six-point increase in September. Concerns about future living standards worsened, with a six-point decline in the sentiment balance. Worries about unemployment surged as well, increasing by five points.

Despite these challenges, France exhibits notable economic strengths. François Gagnon, an expert on the country’s economy, highlighted that France remains the top destination in Europe for foreign investment projects, attracting 852 projects in 2025, and saw a record 1.17 million new business creations the same year. France also maintained its position as the world’s leading tourist destination, welcoming 102 million international visitors and generating €77.5 billion in tourism revenue.

However, the housing sector, while showing signs of recovery, continues to face obstacles such as rising mortgage rates and insufficient construction levels. Gagnon emphasizes the need for France to restore public financial credibility and rebuild confidence to capitalize on these economic assets. He warns against pessimism that could stall necessary innovations and initiatives.

This combination of falling consumer confidence amid economic resilience highlights the complex challenges France faces, balancing structural strengths with immediate social and economic concerns.