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French consumer sentiment fell by more than expected in September Reuters via biedexmarkets.com

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© Reuters. FILE PHOTO: A view at sunset shows the Eiffel Tower and the financial and business district of La Defense in Puteaux near Paris, France, February 9, 2022. REUTERS/Gonzalo Fuentes

PARIS (Reuters) – French consumer sentiment fell by more than expected in September, according to a monthly survey, as worries about inflation weighed on the euro zone’s second-biggest economy.

The INSEE national statistics office said consumer sentiment fell to 79 points in September, down from 82 in August. A Reuters poll of 15 analysts had forecast 80 points for the September consumer sentiment figure.

Inflation within the euro zone is running at close to 10%, with global energy prices having surged in the wake of Russia’s invasion of Ukraine.

Written by biedex markets