27 March 2019
2019- n° 81In March 2019, households’ confidence has slightly improved Monthly consumer confidence survey - March 2019
In March 2019, households’ confidence in the economic situation has slightly improved. The synthetic index has gained 1 point and reached 96. It remains however below its long term average (100).
- Personal situation
- Personal financial situation: improving slightly
- Saving capacity: increasing slightly
- Economic situation in France
- Past standard of living in France: increasing
- Unemployment: after declining sharply last month, fears are on the rise again
- Past inflation: rising
- For more information
In March 2019, households’ confidence in the economic situation has slightly improved. The synthetic index has gained 1 point and reached 96. It remains however below its long term average (100).
tableauConsumer confidence synthetic index
Consumer confidence synthetic index | |
---|---|
2000-01 | 118 |
2000-02 | 118 |
2000-03 | 119 |
2000-04 | 122 |
2000-05 | 122 |
2000-06 | 122 |
2000-07 | 123 |
2000-08 | 121 |
2000-09 | 118 |
2000-10 | 119 |
2000-11 | 119 |
2000-12 | 123 |
2001-01 | 126 |
2001-02 | 124 |
2001-03 | 122 |
2001-04 | 120 |
2001-05 | 116 |
2001-06 | 114 |
2001-07 | 114 |
2001-08 | 112 |
2001-09 | 110 |
2001-10 | 111 |
2001-11 | 112 |
2001-12 | 112 |
2002-01 | 112 |
2002-02 | 111 |
2002-03 | 111 |
2002-04 | 109 |
2002-05 | 112 |
2002-06 | 111 |
2002-07 | 109 |
2002-08 | 108 |
2002-09 | 106 |
2002-10 | 107 |
2002-11 | 108 |
2002-12 | 108 |
2003-01 | 104 |
2003-02 | 102 |
2003-03 | 98 |
2003-04 | 99 |
2003-05 | 101 |
2003-06 | 101 |
2003-07 | 100 |
2003-08 | 100 |
2003-09 | 99 |
2003-10 | 98 |
2003-11 | 98 |
2003-12 | 99 |
2004-01 | 99 |
2004-02 | 98 |
2004-03 | 99 |
2004-04 | 101 |
2004-05 | 100 |
2004-06 | 99 |
2004-07 | 99 |
2004-08 | 100 |
2004-09 | 102 |
2004-10 | 101 |
2004-11 | 100 |
2004-12 | 99 |
2005-01 | 97 |
2005-02 | 99 |
2005-03 | 97 |
2005-04 | 97 |
2005-05 | 95 |
2005-06 | 94 |
2005-07 | 94 |
2005-08 | 93 |
2005-09 | 92 |
2005-10 | 92 |
2005-11 | 92 |
2005-12 | 95 |
2006-01 | 97 |
2006-02 | 98 |
2006-03 | 97 |
2006-04 | 96 |
2006-05 | 95 |
2006-06 | 96 |
2006-07 | 98 |
2006-08 | 98 |
2006-09 | 99 |
2006-10 | 99 |
2006-11 | 99 |
2006-12 | 98 |
2007-01 | 99 |
2007-02 | 99 |
2007-03 | 101 |
2007-04 | 101 |
2007-05 | 108 |
2007-06 | 108 |
2007-07 | 107 |
2007-08 | 104 |
2007-09 | 101 |
2007-10 | 100 |
2007-11 | 94 |
2007-12 | 94 |
2008-01 | 90 |
2008-02 | 90 |
2008-03 | 89 |
2008-04 | 88 |
2008-05 | 85 |
2008-06 | 82 |
2008-07 | 81 |
2008-08 | 82 |
2008-09 | 84 |
2008-10 | 82 |
2008-11 | 83 |
2008-12 | 83 |
2009-01 | 84 |
2009-02 | 84 |
2009-03 | 84 |
2009-04 | 86 |
2009-05 | 86 |
2009-06 | 89 |
2009-07 | 89 |
2009-08 | 89 |
2009-09 | 90 |
2009-10 | 90 |
2009-11 | 93 |
2009-12 | 94 |
2010-01 | 94 |
2010-02 | 92 |
2010-03 | 91 |
2010-04 | 89 |
2010-05 | 88 |
2010-06 | 87 |
2010-07 | 87 |
2010-08 | 89 |
2010-09 | 90 |
2010-10 | 91 |
2010-11 | 93 |
2010-12 | 90 |
2011-01 | 89 |
2011-02 | 89 |
2011-03 | 87 |
2011-04 | 86 |
2011-05 | 87 |
2011-06 | 86 |
2011-07 | 89 |
2011-08 | 86 |
2011-09 | 84 |
2011-10 | 87 |
2011-11 | 84 |
2011-12 | 83 |
2012-01 | 84 |
2012-02 | 85 |
2012-03 | 89 |
2012-04 | 90 |
2012-05 | 92 |
2012-06 | 92 |
2012-07 | 89 |
2012-08 | 86 |
2012-09 | 85 |
2012-10 | 84 |
2012-11 | 84 |
2012-12 | 86 |
2013-01 | 85 |
2013-02 | 86 |
2013-03 | 83 |
2013-04 | 84 |
2013-05 | 80 |
2013-06 | 79 |
2013-07 | 83 |
2013-08 | 85 |
2013-09 | 86 |
2013-10 | 87 |
2013-11 | 84 |
2013-12 | 85 |
2014-01 | 86 |
2014-02 | 85 |
2014-03 | 88 |
2014-04 | 85 |
2014-05 | 85 |
2014-06 | 86 |
2014-07 | 87 |
2014-08 | 86 |
2014-09 | 86 |
2014-10 | 86 |
2014-11 | 87 |
2014-12 | 90 |
2015-01 | 89 |
2015-02 | 92 |
2015-03 | 94 |
2015-04 | 95 |
2015-05 | 93 |
2015-06 | 94 |
2015-07 | 93 |
2015-08 | 94 |
2015-09 | 97 |
2015-10 | 96 |
2015-11 | 96 |
2015-12 | 96 |
2016-01 | 97 |
2016-02 | 96 |
2016-03 | 95 |
2016-04 | 94 |
2016-05 | 98 |
2016-06 | 97 |
2016-07 | 95 |
2016-08 | 97 |
2016-09 | 98 |
2016-10 | 98 |
2016-11 | 99 |
2016-12 | 99 |
2017-01 | 100 |
2017-02 | 101 |
2017-03 | 100 |
2017-04 | 100 |
2017-05 | 102 |
2017-06 | 108 |
2017-07 | 104 |
2017-08 | 103 |
2017-09 | 102 |
2017-10 | 100 |
2017-11 | 103 |
2017-12 | 105 |
2018-01 | 105 |
2018-02 | 100 |
2018-03 | 100 |
2018-04 | 100 |
2018-05 | 99 |
2018-06 | 97 |
2018-07 | 97 |
2018-08 | 97 |
2018-09 | 94 |
2018-10 | 95 |
2018-11 | 92 |
2018-12 | 87 |
2019-01 | 92 |
2019-02 | 95 |
2019-03 | 96 |
graphiqueConsumer confidence synthetic index

- Source: INSEE.
Personal situation
Personal financial situation: improving slightly
In March, households’ opinion balance on their future personal situation has gained 2 points but still remains below its long term average. The households’ opinion balance on their past financial situation has been virtually stable and also remains below its long term average.
The share of households considering it is a suitable time to make major purchases has slightly increased as compared to the previous month. The corresponding balance has gained 2 points but remains below its long term average as well.
Saving capacity: increasing slightly
Households’ opinion balance on their saving capacity has slightly improved in March. The current saving capacity balance has gained 2 points, while the expected saving capacity one has gained 1 point. These two balances stand above their long term average.
However, the share of households considering it is a suitable time to save has slightly decreased: the corresponding balance has lost 1 point and stands well below its long term average.
tableauBalances on personal financial situation and standard of living in France
Standard of living, future | Standard of living, past | Financial situation, future | Financial situation, past | |
---|---|---|---|---|
2010-01 | -32 | -62 | -9 | -24 |
2010-02 | -34 | -67 | -12 | -27 |
2010-03 | -40 | -69 | -13 | -26 |
2010-04 | -46 | -69 | -16 | -27 |
2010-05 | -52 | -69 | -19 | -27 |
2010-06 | -55 | -71 | -19 | -27 |
2010-07 | -49 | -71 | -19 | -30 |
2010-08 | -43 | -66 | -18 | -29 |
2010-09 | -42 | -64 | -18 | -28 |
2010-10 | -40 | -64 | -15 | -28 |
2010-11 | -38 | -64 | -11 | -23 |
2010-12 | -42 | -68 | -16 | -26 |
2011-01 | -44 | -70 | -18 | -26 |
2011-02 | -46 | -67 | -18 | -27 |
2011-03 | -51 | -69 | -23 | -29 |
2011-04 | -56 | -71 | -21 | -31 |
2011-05 | -49 | -68 | -20 | -31 |
2011-06 | -48 | -68 | -21 | -33 |
2011-07 | -42 | -67 | -18 | -31 |
2011-08 | -56 | -71 | -23 | -30 |
2011-09 | -55 | -75 | -24 | -31 |
2011-10 | -51 | -73 | -21 | -29 |
2011-11 | -59 | -74 | -25 | -30 |
2011-12 | -57 | -74 | -30 | -32 |
2012-01 | -54 | -73 | -27 | -32 |
2012-02 | -49 | -73 | -26 | -32 |
2012-03 | -40 | -68 | -19 | -29 |
2012-04 | -38 | -66 | -16 | -29 |
2012-05 | -30 | -65 | -16 | -26 |
2012-06 | -30 | -68 | -16 | -27 |
2012-07 | -43 | -69 | -19 | -27 |
2012-08 | -51 | -72 | -19 | -29 |
2012-09 | -57 | -75 | -21 | -29 |
2012-10 | -60 | -73 | -25 | -29 |
2012-11 | -55 | -73 | -25 | -31 |
2012-12 | -54 | -69 | -23 | -29 |
2013-01 | -58 | -69 | -25 | -28 |
2013-02 | -56 | -71 | -24 | -27 |
2013-03 | -61 | -75 | -26 | -29 |
2013-04 | -62 | -76 | -25 | -28 |
2013-05 | -63 | -79 | -26 | -37 |
2013-06 | -66 | -80 | -27 | -35 |
2013-07 | -57 | -77 | -24 | -34 |
2013-08 | -50 | -73 | -22 | -33 |
2013-09 | -46 | -72 | -20 | -33 |
2013-10 | -45 | -69 | -18 | -35 |
2013-11 | -53 | -75 | -19 | -34 |
2013-12 | -50 | -73 | -22 | -34 |
2014-01 | -48 | -71 | -19 | -35 |
2014-02 | -52 | -72 | -20 | -34 |
2014-03 | -47 | -69 | -19 | -29 |
2014-04 | -45 | -70 | -27 | -32 |
2014-05 | -50 | -70 | -22 | -33 |
2014-06 | -48 | -69 | -20 | -36 |
2014-07 | -49 | -70 | -17 | -32 |
2014-08 | -47 | -70 | -20 | -33 |
2014-09 | -51 | -71 | -20 | -30 |
2014-10 | -50 | -73 | -20 | -31 |
2014-11 | -48 | -68 | -17 | -33 |
2014-12 | -44 | -67 | -16 | -27 |
2015-01 | -42 | -67 | -17 | -29 |
2015-02 | -37 | -61 | -15 | -27 |
2015-03 | -34 | -59 | -13 | -27 |
2015-04 | -35 | -58 | -12 | -24 |
2015-05 | -34 | -58 | -13 | -27 |
2015-06 | -35 | -58 | -12 | -27 |
2015-07 | -36 | -59 | -12 | -29 |
2015-08 | -33 | -57 | -12 | -29 |
2015-09 | -28 | -52 | -6 | -26 |
2015-10 | -30 | -54 | -10 | -24 |
2015-11 | -31 | -53 | -10 | -24 |
2015-12 | -32 | -54 | -7 | -26 |
2016-01 | -27 | -56 | -9 | -24 |
2016-02 | -32 | -56 | -10 | -24 |
2016-03 | -36 | -57 | -13 | -25 |
2016-04 | -37 | -58 | -13 | -25 |
2016-05 | -28 | -48 | -10 | -25 |
2016-06 | -33 | -53 | -10 | -23 |
2016-07 | -32 | -53 | -10 | -28 |
2016-08 | -34 | -54 | -10 | -22 |
2016-09 | -29 | -54 | -9 | -23 |
2016-10 | -28 | -52 | -7 | -23 |
2016-11 | -25 | -48 | -7 | -24 |
2016-12 | -25 | -52 | -8 | -22 |
2017-01 | -27 | -48 | -5 | -22 |
2017-02 | -23 | -48 | -6 | -22 |
2017-03 | -23 | -47 | -8 | -21 |
2017-04 | -23 | -52 | -10 | -20 |
2017-05 | -17 | -46 | -6 | -19 |
2017-06 | 1 | -39 | -3 | -14 |
2017-07 | -10 | -39 | -11 | -17 |
2017-08 | -19 | -40 | -9 | -17 |
2017-09 | -20 | -41 | -10 | -21 |
2017-10 | -23 | -39 | -15 | -21 |
2017-11 | -18 | -38 | -10 | -19 |
2017-12 | -15 | -32 | -10 | -17 |
2018-01 | -19 | -32 | -12 | -16 |
2018-02 | -25 | -36 | -18 | -23 |
2018-03 | -25 | -39 | -13 | -24 |
2018-04 | -22 | -37 | -12 | -26 |
2018-05 | -28 | -40 | -13 | -25 |
2018-06 | -32 | -45 | -13 | -27 |
2018-07 | -31 | -46 | -11 | -28 |
2018-08 | -28 | -46 | -12 | -29 |
2018-09 | -35 | -49 | -16 | -30 |
2018-10 | -31 | -51 | -16 | -29 |
2018-11 | -43 | -56 | -17 | -28 |
2018-12 | -42 | -67 | -23 | -33 |
2019-01 | -32 | -64 | -14 | -29 |
2019-02 | -29 | -57 | -13 | -26 |
2019-03 | -30 | -53 | -11 | -26 |
graphiqueBalances on personal financial situation and standard of living in France

- Source: INSEE.
tableauCONSUMER OPINION: synthetic index and opinion balances
Avg. (1) | December 18 | January 18 | February 19 | March 19 | |
---|---|---|---|---|---|
Synthetic index (2) | 100 | 87 | 92 | 95 | 96 |
Financial sit., past 12 m. | -21 | -33 | -29 | -26 | -26 |
Financial sit., next 12 m. | -6 | -23 | -14 | -13 | -11 |
Current saving capacity | 8 | 7 | 7 | 9 | 11 |
Expected saving capacity | -9 | -20 | -12 | -7 | -6 |
Savings intentions, next 12 m. | 17 | -5 | -1 | 1 | 0 |
Major purchases intentions, next 12 m. | -14 | -32 | -22 | -21 | -19 |
Standard of living, past 12 m. | -45 | -67 | -64 | -57 | -53 |
Standard of living, next 12 m. | -25 | -42 | -32 | -29 | -30 |
Unemployment, next 12 m. | 33 | 30 | 33 | 12 | 22 |
Consumer prices, past 12 m. | -17 | -10 | -33 | -27 | -19 |
Consumer prices, next 12 m. | -33 | -24 | -40 | -19 | -24 |
- (1) Average value between January 1987 and December 2018
- (2) The indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987–2018).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Past standard of living in France: increasing
In March, the share of households considering that the past standard of living in France has increased during the past twelve months has risen: the corresponding balance has gained 4 points but remains below its long term average.
Households’ opinion balance about the future standard of living in France has decreased by 1 point, and remains below its long term average.
Unemployment: after declining sharply last month, fears are on the rise again
Households' fears about the unemployment trend have increased in March: the corresponding balance has gained 10 points, after loosing 21 points in February. It remains however below its long term average.
Past inflation: rising
In March, households considering that prices were on the rise during the past twelve months have been more numerous than the previous month: the corresponding balance has gained 8 points but remains slightly below its long term average. On the contrary, households are slightly less numerous than the previous month to consider that prices will be on the rise during the next twelve months: the corresponding balance has lost 5 points but it stands above its long term average.
tableauHouseholds' unemployment expectations
Households' unemployment expectations | |
---|---|
2010-01 | 55 |
2010-02 | 49 |
2010-03 | 58 |
2010-04 | 57 |
2010-05 | 58 |
2010-06 | 65 |
2010-07 | 59 |
2010-08 | 46 |
2010-09 | 31 |
2010-10 | 34 |
2010-11 | 35 |
2010-12 | 34 |
2011-01 | 37 |
2011-02 | 41 |
2011-03 | 33 |
2011-04 | 35 |
2011-05 | 27 |
2011-06 | 29 |
2011-07 | 37 |
2011-08 | 51 |
2011-09 | 57 |
2011-10 | 49 |
2011-11 | 61 |
2011-12 | 59 |
2012-01 | 57 |
2012-02 | 56 |
2012-03 | 52 |
2012-04 | 55 |
2012-05 | 43 |
2012-06 | 53 |
2012-07 | 65 |
2012-08 | 73 |
2012-09 | 73 |
2012-10 | 73 |
2012-11 | 70 |
2012-12 | 74 |
2013-01 | 72 |
2013-02 | 73 |
2013-03 | 77 |
2013-04 | 74 |
2013-05 | 78 |
2013-06 | 78 |
2013-07 | 61 |
2013-08 | 56 |
2013-09 | 51 |
2013-10 | 37 |
2013-11 | 62 |
2013-12 | 48 |
2014-01 | 56 |
2014-02 | 55 |
2014-03 | 55 |
2014-04 | 57 |
2014-05 | 60 |
2014-06 | 67 |
2014-07 | 67 |
2014-08 | 62 |
2014-09 | 67 |
2014-10 | 52 |
2014-11 | 66 |
2014-12 | 66 |
2015-01 | 66 |
2015-02 | 58 |
2015-03 | 44 |
2015-04 | 61 |
2015-05 | 61 |
2015-06 | 61 |
2015-07 | 58 |
2015-08 | 50 |
2015-09 | 44 |
2015-10 | 47 |
2015-11 | 35 |
2015-12 | 45 |
2016-01 | 36 |
2016-02 | 45 |
2016-03 | 40 |
2016-04 | 53 |
2016-05 | 24 |
2016-06 | 26 |
2016-07 | 28 |
2016-08 | 33 |
2016-09 | 28 |
2016-10 | 30 |
2016-11 | 28 |
2016-12 | 19 |
2017-01 | 18 |
2017-02 | 20 |
2017-03 | 21 |
2017-04 | 18 |
2017-05 | 20 |
2017-06 | 6 |
2017-07 | 9 |
2017-08 | -2 |
2017-09 | 14 |
2017-10 | 12 |
2017-11 | 4 |
2017-12 | 6 |
2018-01 | 1 |
2018-02 | 5 |
2018-03 | 6 |
2018-04 | 7 |
2018-05 | 2 |
2018-06 | 17 |
2018-07 | 15 |
2018-08 | 22 |
2018-09 | 20 |
2018-10 | 6 |
2018-11 | 28 |
2018-12 | 30 |
2019-01 | 33 |
2019-02 | 12 |
2019-03 | 22 |
graphiqueHouseholds' unemployment expectations

- Source: INSEE.
tableauHouseholds' perception of prices
Past prices | Future prices | |
---|---|---|
2010-01 | -14 | -41 |
2010-02 | -19 | -41 |
2010-03 | -19 | -39 |
2010-04 | -10 | -34 |
2010-05 | -11 | -28 |
2010-06 | -10 | -29 |
2010-07 | -6 | -27 |
2010-08 | -4 | -24 |
2010-09 | -2 | -29 |
2010-10 | 0 | -25 |
2010-11 | 3 | -25 |
2010-12 | 9 | -22 |
2011-01 | 18 | -19 |
2011-02 | 25 | -9 |
2011-03 | 30 | 6 |
2011-04 | 46 | 0 |
2011-05 | 40 | -13 |
2011-06 | 33 | -14 |
2011-07 | 32 | -18 |
2011-08 | 27 | -18 |
2011-09 | 25 | -20 |
2011-10 | 22 | -23 |
2011-11 | 20 | -15 |
2011-12 | 19 | -16 |
2012-01 | 21 | -16 |
2012-02 | 23 | -11 |
2012-03 | 22 | -21 |
2012-04 | 27 | -20 |
2012-05 | 12 | -32 |
2012-06 | 12 | -34 |
2012-07 | -2 | -25 |
2012-08 | -1 | -16 |
2012-09 | 3 | -13 |
2012-10 | -1 | -15 |
2012-11 | -4 | -14 |
2012-12 | -7 | -19 |
2013-01 | -8 | -19 |
2013-02 | -10 | -22 |
2013-03 | -10 | -14 |
2013-04 | -13 | -20 |
2013-05 | -16 | -17 |
2013-06 | -11 | -19 |
2013-07 | -8 | -17 |
2013-08 | -3 | -21 |
2013-09 | 4 | -25 |
2013-10 | -8 | -21 |
2013-11 | -8 | -22 |
2013-12 | -8 | -17 |
2014-01 | -15 | -16 |
2014-02 | -19 | -22 |
2014-03 | -23 | -28 |
2014-04 | -24 | -29 |
2014-05 | -23 | -26 |
2014-06 | -28 | -31 |
2014-07 | -31 | -31 |
2014-08 | -35 | -37 |
2014-09 | -40 | -33 |
2014-10 | -38 | -28 |
2014-11 | -38 | -36 |
2014-12 | -46 | -43 |
2015-01 | -50 | -45 |
2015-02 | -51 | -45 |
2015-03 | -53 | -48 |
2015-04 | -51 | -43 |
2015-05 | -56 | -40 |
2015-06 | -54 | -38 |
2015-07 | -52 | -37 |
2015-08 | -50 | -36 |
2015-09 | -53 | -41 |
2015-10 | -50 | -41 |
2015-11 | -50 | -40 |
2015-12 | -51 | -39 |
2016-01 | -52 | -41 |
2016-02 | -56 | -40 |
2016-03 | -58 | -38 |
2016-04 | -57 | -37 |
2016-05 | -53 | -39 |
2016-06 | -53 | -35 |
2016-07 | -51 | -37 |
2016-08 | -51 | -35 |
2016-09 | -45 | -34 |
2016-10 | -52 | -38 |
2016-11 | -52 | -38 |
2016-12 | -48 | -29 |
2017-01 | -44 | -23 |
2017-02 | -46 | -31 |
2017-03 | -47 | -26 |
2017-04 | -50 | -27 |
2017-05 | -56 | -34 |
2017-06 | -55 | -40 |
2017-07 | -54 | -31 |
2017-08 | -55 | -32 |
2017-09 | -54 | -30 |
2017-10 | -50 | -24 |
2017-11 | -46 | -27 |
2017-12 | -47 | -34 |
2018-01 | -41 | -15 |
2018-02 | -34 | -20 |
2018-03 | -39 | -24 |
2018-04 | -38 | -25 |
2018-05 | -30 | -18 |
2018-06 | -26 | -20 |
2018-07 | -26 | -20 |
2018-08 | -26 | -21 |
2018-09 | -15 | -16 |
2018-10 | -14 | -15 |
2018-11 | -10 | -11 |
2018-12 | -10 | -24 |
2019-01 | -33 | -40 |
2019-02 | -27 | -19 |
2019-03 | -19 | -24 |
graphiqueHouseholds' perception of prices

- Source: INSEE.
For more information
Definition – The synthetic households’ confidence index summarizes households’ opinion on the economic situation: the higher its value, the more favorable households’ judgement of the economic situation is. It is calculated using a factor analysis technique, which enables to summarize concomitant movements of highly correlated variables. The index describes here the common factor of 8 balances of opinion: past and future general economic situation in France, past and future personal financial situation, unemployment, major purchases intentions, current savings capacity and expected savings capacity.
Calculation method – Around 2,000 households are surveyed by telephone, during the first three weeks of each month. Answers to this survey were collected between February 26 and March 18 2019.For each question, a balance of opinion is calculated as the difference between the percentages of positive and negative answers. Since the level of these balances is not open to direct interpretation, comments are based on their changes and their distance to their long–term average. Seasonal coefficients are calculated again every month, hence the slight revision of the seasonal adjusted balances history at each publication. Moreover, long term averages and seasonal coefficient models have been updated for this publication, thanks to the integration of a complete year of additional data.
Next publication: April 26 at 8:45 am