By William Horobin

PARIS--French consumer confidence slipped in May as households' assessment of their ability to make savings slumped.

Consumer confidence in the eurozone's second largest economy fell to 93 in May from 94 in April, the first decline since October 2014, French statistics bureau Insee said Wednesday. The long-term average for the consumer confidence indicator is 100.

Households' confidence in their ability to make savings both now and in the future dropped sharply, Insee said. Consumers' assessment of their recent financial situation also declined slightly.

The monthly survey also showed that fears of unemployment fell. Fewer households surveyed said prices have risen recently, but inflation expectations rose in May, Insee added.

Write to William Horobin at william.horobin@wsj.com