In December 2011, households’ confidence about the economic situation was stable: the synthetic confidence index was the same as in November and remained at its lowest level since december 2008.
In December, households appreciation of their past and future financial situation decreased: both corresponding balances lost 2 points each. Their major purchases intentions were stable compared with November.
In December, households’ opinion about their current saving capacity is the same as in November. The one about their savings capacity in the next 12 months was almost stable : the corresponding balance lost 1 point compared with November.
On the other hand, households considered it more opportune than in November to save: the corresponding balance of opinion increased by 2 points.
Consumer synthetic index
|Balance of responses, seasonally ajusted|
|(1) Average value between January 1987 and December 2011|
|(2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2011).|
|Synthetic index (2)||100||81||83||80||80|
|Financial sit., past 12 m.||–18||–29||–28||–29||–31|
|Financial sit., next 12 m.||–3||–25||–24||–28||–30|
|Current saving capacity||12||16||19||17||17|
|Expected saving capacity||–10||–13||–9||–13||–14|
|Savings intentions, next 12 m.||20||16||18||15||17|
|Major purchases intentions, next 12 m.||–14||–26||–23||–26||–26|
|General economic sit., past 12 m.||–41||–76||–75||–75||–74|
|General economic sit., next 12 m.||–23||–59||–56||–64||–62|
|Unemployment, next 12 m.||34||69||59||69||69|
|Consumer prices, past 12 m.||–17||16||12||11||12|
|Consumer prices, next 12 m.||–34||–17||–21||–10||–11|
In December, households’opinion about the expected general economic situation in France rose by 2 points, after having reached its lowest historical level in November. The one about the past general economic situation was almost stable (+1 point). Both balances of opinion remained clearly below their long-term averages.
In December, households were as numerous as in November to forecast an increase in unemployment. The level of this balance remained much higher than in early 2011.
After a decline started in spring (-24 points between April and November), households’ opinion about past inflation satbilized in December (+1 point). Their forecasts about inflation are almost stable too (-1 point).
Once a year, for December publication, the synthetic confidence index weights are updated in order to take into account the past year data. Hence minor revisions concerning the historical data of the index, with no impact on the balances of opinion that compose it.
Balances on personnal financial situation and general economic situation
Households' unemployment expectations
Households' perception of prices
n° 6 - January 5, 2012
Monthly consumer confidence survey - December 2011
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