Could this drop in confidence affect spending? It seems unlikely due to the notable disconnect between changes in confidence and spending.

239

This is worse than expected but not surprising given the development of other European countries' indicators. I believe the rebound is slowing down, and we are back at levels seen three months ago.

198

This is the low point. Consumer prices will go back up. We've been saying this for months.

170

Business confidence has not advanced in France for three months and the gap in relation to Germany is growing.

97

This is a very strong report on nearly all fronts.

86

There are really no encouraging signs in this survey.

80

The deterioration of the trade gap is amazing. Half of it is due to the higher energy bill but it's also the industry that's bad at exporting and strong spending that's benefiting mainly imports.

74

The drop in industrial capital goods is a disappointment - I hope it's just an accident.

68