In April 2011, household’s confidence about the economic situation is stable : the synthetic confidence index is at the same level as in March.
In April, households appreciation of their past financial situation loses 2 points. On the contrary, their expectations gain 2 points, but remains below its long term average. Households’ opinion on the timeliness to make major purchases is stable.
Households’ opinion about their current saving capacity is almost stable in April (-1 point); so does households’ appreciation of their savings capacity in the next 12 months.
The opinion on the timeliness for savings markedly improves with respect to February (+6 points). The corresponding balance is thus notably above its long term average.
Consumer synthetic index
|Balance of responses, seasonally ajusted|
|(1) Average value between January 1987 and December 2010|
|(2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2010).|
|Synthetic index (2)||100||85||85||83||83|
|Financial sit., past 12 m.||–17||–25||–26||–27||–29|
|Financial sit., next 12 m.||–2||–21||–19||–23||–21|
|Current saving capacity||11||15||13||14||13|
|Expected saving capacity||–9||–11||–13||–14||–15|
|Savings intentions, next 12 m.||20||22||23||23||29|
|Major purchases intentions, next 12 m.||–13||–23||–22||–23||–23|
|General economic sit., past 12 m.||–40||–70||–68||–68||–70|
|General economic sit., next 12 m.||–21||–49||–50||–53||–55|
|Unemployment, next 12 m.||33||46||49||39||40|
|Consumer prices, past 12 m.||–19||10||17||23||35|
|Consumer prices, next 12 m.||–35||–14||–6||10||1|
Households opinion about the past and expected general economic situation in France deteriorates with respect to March : both balances lose 2 points. These balances remain notably below their long term average.
After a sharp decrease in March, households are slightly more numerous in April to forecast an increase in unemployment (+1 point). This balance of opinion stays at the level it had in summer 2008.
In April, households appreciation of past inflation keeps on increasing (+12 points). Nevertheless, the expected inflation balance of opinion falls off (-9 points). These two balances remain much higher than their long term average.
Balances on personnal financial situation and general economic situation
Households' unemployment expectations
Households' perception of prices
n° 107 - April 27, 2011
Monthly consumer confidence survey - April 2011
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