The National Institute of Statistics and Economic Studies in France reports that consumer confidence witnessed a significant deterioration during the month of October, reaching the lowest level since June 2013. This comes against the backdrop of a state of unrest and demonstrations in the country demanding wage increases, support for schools and a reduction in fuel prices. At the same time, the government is seeking to reduce the deficit in the national budget, and is trying to calm the protesters. The institute says that optimism about the future standard of living in France has witnessed a "clear decline", at the same time as growing concerns related to unemployment, according to CNBC. The institute's survey is based on a survey of 2,000 households between September 25 and October 19.

The National Institute of Statistics and Economic Studies in France reports that consumer confidence witnessed a significant deterioration during the month of October, reaching the lowest level since June 2013. This comes against the backdrop of a state of unrest and demonstrations in the country demanding wage increases, support for schools and a reduction in fuel prices. At the same time, the government is seeking to reduce the deficit in the national budget, and is trying to calm the protesters. The institute says that optimism about the future standard of living in France has witnessed a "clear decline", at the same time as growing concerns related to unemployment, according to CNBC. The institute's survey is based on a survey of 2,000 households between September 25 and October 19.