FX.co ★ France's Economic Sentiment Hits a Decline: Ipsos PCSI Drops to 39.77 in January

Economic sentiment in France has experienced a noticeable decline as the Thomson Reuters Ipsos Primary Consumer Sentiment Index (PCSI) reports a drop from 40.46 in December 2025 to 39.77 in January 2026. This marks a downturn in consumer confidence as captured by the index, which aggregates several measures of financial outlook, employment confidence, and economic expectations.

Updated on January 15, 2026, the Ipsos PCSI indicates growing concerns among French consumers and businesses about the nation's economic stability moving into the new year. This slide in sentiment is seen amidst various geopolitical and economic factors that continue to impact European economies broadly.

While the drop is not drastic, it reflects an underlying cautiousness among consumers that may influence spending and investment decisions in the coming months. Economists and policymakers will be monitoring these changes closely, as sustained declines in consumer sentiments can influence broader economic performance and potentially signal further economic challenges ahead for France.