French consumer confidence falls to a 13-year low

French consumer confidence fell to its lowest level in 13 years in October as families had to deal with a series of shocks, from the sale of government bonds to protests that erupted into riots and looting.

The monthly index fell by 5 points to 80, with respondents becoming increasingly concerned about their financial situation, living standards and unemployment, according to Insee, the transalpine Istat. The figure is lower than the median estimate of 85 that emerged from a Bloomberg survey and lower than analysts' forecasts. The data was released on the day the vote on the budget law is expected.