法国消费者信心指数从2月份的93降至2025年3月的92，低于市场预期的94。该读数也低于其长期平均值100。消费者对他们的财务前景（-11比2月的-4）和对未来生活水平的预期（-50比-47）越来越悲观。与此同时，预计未来12个月房价将加速上涨的家庭比例有所上升（-41比-43），而认为现在是储蓄的好时机的家庭比例下降（40比42）。消费者对未来储蓄能力的看法保持不变（15）。与此同时，对失业前景的担忧有所缓解（46对54），家庭对大宗购买的不利程度略有降低（-26对-28）。

France’s consumer confidence indicator fell to 92 in March 2025 from 93 in February, below market expectations of 94. The reading also remained below its long-term average of 100. Consumers grew more pessimistic about their financial outlook (-11 vs. -4 in February) and expectations for the future standard of living (-50 vs. -47). At the same time, the proportion of households expecting prices to accelerate over the next 12 months increased (-41 vs. -43), while the share of those believing it is a good time to save declined (40 vs. 42). Consumers’ outlook on their future ability to save remained unchanged (15). Meanwhile, concerns over unemployment prospects eased (46 vs 54), and households were slightly less unfavorable toward making major purchases (-26 vs. -28).

法国3月份消费者信心指数为92，低于预期（94）。法国3月份消费者信心指数为92，低于预期（94）

France Consumer Confidence registered at 92, below expectations (94) in March.France Consumer Confidence registered at 92, below expectations (94) in March

在巴黎，CAC 40指数周二上涨83点，涨幅1.03%。空中客车（2.68%）、法国巴黎银行（2.65%）和依视路（2.64%）领涨。

In Paris, the CAC 40 Index gained 83 points or 1.03 percent on Tuesday. Gains were led by Airbus (2.68%), BNP Paribas (2.65%) and Essilor (2.64%).

法国10年期OAT债券收益率反弹至3.5%，为一周多来的最高水平，投资者在等待周五公布的关键通胀数据的同时分析了PMI数据和欧洲央行的评论。3月份的调查显示，欧元区商业活动以七个月来最快的速度扩张，法国私营部门的收缩速度低于预期，这得益于制造业衰退的缓解。与此同时，市场已经完全消化了欧洲央行4月份降息25个基点的预期，此前包括de Galhau、Cipollone和Stournaras在内的官员发出了鸽派信号。此外，拉加德总统对经济增长放缓发出警告，但淡化了欧盟对美国关税进行报复时的通胀风险，表明欧洲央行不会以加息来应对。在2月份通货膨胀率降至0.8%的四年低点后，人们的注意力现在转向了周五的法国CPI报告。

France’s 10-year OAT bond yield rebounded to 3.5%, its highest level in over a week, as investors analyzed flash PMI data and European Central Bank comments while awaiting key inflation figures due on Friday. The March surveys showed that Eurozone business activity expanded at its fastest pace in seven months, with France’s private sector contracting at a slower pace than expected, supported by an easing in the manufacturing downturn. Meanwhile, markets have fully priced in a 25 bps ECB rate cut in April, following dovish signals from officials including de Galhau, Cipollone, and Stournaras. Additionally, President Lagarde cautioned about weaker economic growth but downplayed inflation risks in the event of EU retaliation against U.S. tariffs, signaling that the ECB would not counter with rate hikes. Attention now turns to France’s CPI report on Friday, after inflation fell to a four-year low of 0.8% in February.