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.
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.
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
|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||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|
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.
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.
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
Households' unemployment expectations
Households' perception of prices
n° 132 - May 25, 2012
Monthly consumer confidence survey - May 2012
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