French Consumer Confidence Plummets to 13-Year Low in October

French consumer confidence dropped five points to 80 in October, reaching its lowest level in 13 years. This decline is attributed to households grappling with multiple shocks, including a bond market selloff and widespread protests. Consumers expressed increased concern about their financial situation, living standards, and unemployment, with unemployment expectations rising to their highest since the COVID-19 pandemic. The report also indicated heightened inflation expectations.