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In October 2013, households’ confidence remained stable

In October 2013, households’ confidence was stable. The synthetic confidence index remained at its September level.

Personal situation

Financial situation : worsening

In October, households’ appreciation of their past financial situation decreased (-3 points). Conversely, their opinion on their future financial situation was almost stable (+1 point). Households were more numerous than in September to consider October as a suitable time to make major purchases, the corresponding balance gained 2 points. These three balances remained clearly below their long term averages.

Savings: expectations sharply increasing

In October, households’ opinion about their current saving capacity remained constant. Their opinion about their future saving capacity markedly rose (+7 points). These two balances remained above their long term average.

After a surge in September (+8 points), the share of households to think it was an opportune time to save remained stable in October. This balance still stood above its long term average.

Consumer synthetic index

Consumer synthetic index
CONSUMER OPINION: synthetic index and opinion balances
Balance of responses, seasonally adjusted
(1) Average value between January 1987 and December 2012
(2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2012).
2013
Average (1) July August Sept. Oct.
Synthetic index (2) 100 82 84 85 85
Financial sit., past 12 m. –19 –34 –33 –33 –36
Financial sit., next 12 m. –4 –24 –22 –20 –19
Current saving capacity 8 16 16 13 13
Expected saving capacity –10 –1 –1 –5 2
Savings intentions, next 12 m. 18 30 24 32 32
Major purchases intentions, next 12 m. –14 –28 –29 –30 –28
General economic sit., past 12 m. –43 –77 –73 –72 –70
General economic sit., next 12 m. –23 –58 –50 –47 –45
Unemployment, next 12 m. 32 61 58 49 42
Consumer prices, past 12 m. –13 –10 –3 2 –6
Consumer prices, next 12 m. –34 –16 –21 –24 –23

Economic situation in France

General economic situation in France: still improving

In October, households’ opinion about the general economic situation in France kept improving: both past and expected balances gained 2 points compared to September. These balances have been growing continuously since June, yet they remained distinctly below their long term average.

Future unemployment: fears decreasing again

Households were less concerned than in September about future employment. The October corresponding balance lost 7 points compared to August, which amounts to a loss of 37 points since June. However, it still stood above its long term average.

Inflation’s appreciation: declining

In October, households were less numerous than in September to estimate that past inflation increased: the corresponding balance decreased by 8 points. Households’ opinion about future inflation was almost stable in October (-1 point). Both balances remained above their long term average.

Balances on personal financial situation and general economic situation

Balances on personal financial situation               and general economic situation

Households' unemployment expectations

Households' unemployment expectations

Households' perception of prices

Households' perception of prices

Informations Rapides

n° 249 - October 29, 2013

Monthly consumer confidence survey - October 2013

Next issue November 26, 2014 08:45 - November 2014

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