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In December 2011, households’ confidence about the economic situation was stable

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.

Personal situation

Financial situation: decreasing

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.

Savings: increasing

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

Consumer synthetic index
CONSUMER OPINION: synthetic index and opinion balances
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).
2011
Average (1) Sept. Oct. Nov. Dec.
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

Economic situation in France

General economic situation in France: more optimistic expectations

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.

Future unemployment: stable but still pessimistic expectations

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.

Inflation’s appreciation: almost stable

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).

Synthetic confidence index yearly revision

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

Balances on personnal financial situation and general economic situation

Households' unemployment expectations

Households' unemployment expectations

Households' perception of prices

Households' perception of prices

Informations Rapides

n° 6 - January 5, 2012

Monthly consumer confidence survey - December 2011

Next issue October 29, 2014 08:45 - October 2014

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