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In May 2012, households’ confidence kept recovering

In May 2012, households’ confidence about the economic situation kept recovering: the synthetic confidence index gained 1 point compared with April. So, it gained 9 points since November 2011. Recovering its late 2012 level, it still remained below its long-term average.

Personal situation

Financial situation: improving

In May, households appreciation of their financial situation increased: the balance corresponding to past situation gained 3 points; that concerning future situation was almost stable (+1 point). Both balances remained however below their long-term averages. Households’ major purchases intentions were stable.

Savings: increasing

Households’ opinion about their current savings capacity improved : the corresponding balance rose by 5 points compared with April. The one about their savings capacity in the next 12 months increased too (+2 points), remaining slightly above its long-term average.

In May, households were less numerous to consider it opportune to save : after a sharp increase in April (+13 points), the corresponding balance of opinion contracted by 8 points, remaining above its long-term average.

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).
2012
Average (1) Feb. Mar. May May
Synthetic index (2) 100 82 87 89 90
Financial sit., past 12 m. –18 –31 –27 –26 –23
Financial sit., next 12 m. –3 –25 –19 –17 –16
Current saving capacity 12 19 16 17 22
Expected saving capacity –10 –11 –12 –8 –6
Savings intentions, next 12 m. 20 24 22 35 27
Major purchases intentions, next 12 m. –14 –24 –24 –25 –25
General economic sit., past 12 m. –41 –75 –66 –65 –66
General economic sit., next 12 m. –23 –51 –40 –37 –33
Unemployment, next 12 m. 34 62 56 59 54
Consumer prices, past 12 m. –17 13 9 10 –1
Consumer prices, next 12 m. –34 –15 –23 –25 –32

Economic situation in France

General economic situation in France: slightly increasing

In May, households opinion about expected general economic situation in France kept recovering. The corresponding balance gained 4 points in May, that is a cumulative 29 point increase since November 2011. The one about past general economic situation was almost stable (–1 point). These balances remained below their long-term averages.

Future unemployment: expectations decreasing

In May, households were less numerous than in April to forecast an increase in unemployment. This balance of opinion decreased by 5 points but remained noticeably higher than its long-term average.

Inflation’s appreciation: declining

Households were more numerous to consider that inflation had declined : this balance of opinion lost 11 points in May. The balance of their inflation anticipations decreased by 7 points, getting closer to its long-term average.

Balances on personnal financial situation and gen-eral economic situation

Balances on personnal financial situation and gen-eral economic situation

Households' unemployment expectations

Households' unemployment expectations

Households' perception of prices

Households' perception of prices

Informations Rapides

n° 132 - May 25, 2012

Monthly consumer confidence survey - May 2012

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

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