French Consumer Confidence Dropped to Three-Year Low in May

French consumer confidence fell more than expected in May, signaling softer domestic demand in the euro area's second-largest economy. The deterioration also highlights growing downside risks as the effects of the Iran war spread through the region. The data is negative for the near-term outlook but likely a modest market mover on its own.

Analysis

French consumer confidence fell more than expected in May, signaling softer domestic demand in the euro area's second-largest economy. The deterioration also highlights growing downside risks as the effects of the Iran war spread through the region. The data is negative for the near-term outlook but likely a modest market mover on its own.