In June 2011, household’s confidence about the economic situation is stable : the synthetic confidence index is at the same level as in May.
In June, households appreciation of their past and future financial situation decreases slightly (the corresponding balances both lose 1 point). On the contrary, households’s opinion on the timeliness to make major purchases improves (+2 points).
Households’ opinion about their current saving capacity is almost stable in June (-1 point); their appreciation of their savings capacity in the next 12 months slightly decreases (-2 points).
Households consider that the timeliness for savings is still relatively high: Even though the corresponding balance of opinion loses 1 point with respect to May, it remains 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||83||82||83||83|
|Financial sit., past 12 m.||–17||–27||–29||–30||–31|
|Financial sit., next 12 m.||–2||–23||–21||–20||–21|
|Current saving capacity||11||14||13||14||13|
|Expected saving capacity||–9||–14||–16||–14||–16|
|Savings intentions, next 12 m.||20||23||29||29||28|
|Major purchases intentions, next 12 m.||–13||–24||–24||–28||–26|
|General economic sit., past 12 m.||–40||–68||–69||–67||–67|
|General economic sit., next 12 m.||–21||–52||–55||–49||–47|
|Unemployment, next 12 m.||33||38||39||31||30|
|Consumer prices, past 12 m.||–19||21||35||27||22|
|Consumer prices, next 12 m.||–35||9||1||–14||–13|
Households’ opinion about the expected general economic situation in France improves (+2 points, after +6 points in May). Nevertheless, this balance remains notably below its long term average. Their opinion on past general economic situation is stable.
In June, households are slightly less numerous to forecast an increase in unemployment (–1 point). This balance of opinion has lost 19 points since February, remaining below its long term average.
After a sharp decrease in May, households appreciation of past inflation loses 5 points in June, reaching the same level as in March. The expected inflation balance of opinion is almost stable (+1 point, after a sharp drop in May). Nevertheless, 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° 158 - June 24, 2011
Monthly consumer confidence survey - June 2011
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