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2026-05-27 16:06:22
[French Consumer Confidence Index Falls to 82 in May, Lowest Level Since March 2023] ⑴ French consumer confidence fell further in May, influenced by uncertainty surrounding the situation in Iran and rising energy prices, reflecting a continued weakening of public sentiment. ⑵ Data released Wednesday by the French National Institute of Statistics and Economic Studies (Insee) showed that the consumer confidence index fell to 82 in May from 84 in April, marking a new low since March 2023. ⑶ The institute stated, "Public sentiment regarding their past and future financial situation has deteriorated again." At the same time, the willingness to make large purchases also declined significantly. ⑷ The ongoing Middle East situation continued to weigh on market sentiment in May, with the US and Iran failing to reach an agreement on reopening the Strait of Hormuz. The uncertain future of the conflict prompted consumers to postpone spending, while persistently high energy prices continued to erode purchasing power. ⑸ Although French price increases were moderate before the conflict, and the risk of hyperinflation in the short term remains relatively limited, a prolonged conflict is expected to exacerbate economic and financial turmoil in the country, further damaging market confidence.
