French consumer confidence fell in August for the third month in a row, in line with expectations, data from the official INSEE statistics agency showed today.
INSEE's monthly consumer confidence index fell to 103 from 104, continuing to ease back from a ten-year high hit in June after Emmanuel Macron was elected president the previous month on a pro-business reform platform.
A Reuters poll of 12 economists had an average forecast of 103 with estimates ranging from 101 to 105.
A spike in consumer confidence is common after presidential elections in France.
INSEE's survey showed that pessimism about households' outlook for their standard of living in the future rose sharply though it remained below the long-term average.
However, households' concerns about unemployment continued to fall, reaching the lowest level since January 2008, INSEE said.