French consumer confidence falls

French consumer confidence fell unexpectedly in November, according to data today.

French consumer confidence fell unexpectedly in November, according to data today.

The index of consumer morale slid to -25 from -21 in October, bucking consensus forecasts of a rise to -20, as consumers became more downbeat about living standards, their personal financial situation and their spending intentions.

Growing pessimism risks dampening consumer spending at a time when the economy needs all the help it can get to bounce back from a weak third quarter in which it stagnated.