26 February 2020
2020- n° 46In February 2020, households’ confidence has been stable Monthly consumer confidence survey - February 2020
In February 2020, households’ confidence in the economic situation has been stable. The synthetic index has stayed at 104, above its long-term average (100).
In February 2020, households’ confidence in the economic situation has been stable. The synthetic index has stayed at 104, above its long-term average (100).
tableauConsumer confidence synthetic index
Consumer confidence synthetic index | |
---|---|
2000-01 | 119 |
2000-02 | 118 |
2000-03 | 119 |
2000-04 | 122 |
2000-05 | 122 |
2000-06 | 123 |
2000-07 | 124 |
2000-08 | 121 |
2000-09 | 118 |
2000-10 | 120 |
2000-11 | 119 |
2000-12 | 123 |
2001-01 | 126 |
2001-02 | 124 |
2001-03 | 122 |
2001-04 | 121 |
2001-05 | 116 |
2001-06 | 115 |
2001-07 | 114 |
2001-08 | 113 |
2001-09 | 111 |
2001-10 | 111 |
2001-11 | 112 |
2001-12 | 112 |
2002-01 | 112 |
2002-02 | 111 |
2002-03 | 112 |
2002-04 | 109 |
2002-05 | 113 |
2002-06 | 111 |
2002-07 | 109 |
2002-08 | 108 |
2002-09 | 106 |
2002-10 | 108 |
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 | 98 |
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 | 91 |
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 | 88 |
2008-04 | 88 |
2008-05 | 85 |
2008-06 | 81 |
2008-07 | 81 |
2008-08 | 82 |
2008-09 | 83 |
2008-10 | 81 |
2008-11 | 83 |
2008-12 | 83 |
2009-01 | 84 |
2009-02 | 83 |
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 | 91 |
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 | 85 |
2011-09 | 84 |
2011-10 | 86 |
2011-11 | 84 |
2011-12 | 83 |
2012-01 | 84 |
2012-02 | 85 |
2012-03 | 89 |
2012-04 | 90 |
2012-05 | 92 |
2012-06 | 91 |
2012-07 | 88 |
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 | 86 |
2013-11 | 84 |
2013-12 | 85 |
2014-01 | 86 |
2014-02 | 85 |
2014-03 | 88 |
2014-04 | 85 |
2014-05 | 85 |
2014-06 | 85 |
2014-07 | 86 |
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 | 93 |
2015-07 | 93 |
2015-08 | 93 |
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 | 96 |
2016-07 | 95 |
2016-08 | 96 |
2016-09 | 97 |
2016-10 | 98 |
2016-11 | 99 |
2016-12 | 100 |
2017-01 | 100 |
2017-02 | 101 |
2017-03 | 101 |
2017-04 | 100 |
2017-05 | 102 |
2017-06 | 108 |
2017-07 | 104 |
2017-08 | 103 |
2017-09 | 101 |
2017-10 | 100 |
2017-11 | 103 |
2017-12 | 106 |
2018-01 | 105 |
2018-02 | 100 |
2018-03 | 100 |
2018-04 | 101 |
2018-05 | 99 |
2018-06 | 96 |
2018-07 | 96 |
2018-08 | 96 |
2018-09 | 94 |
2018-10 | 95 |
2018-11 | 91 |
2018-12 | 88 |
2019-01 | 92 |
2019-02 | 95 |
2019-03 | 96 |
2019-04 | 97 |
2019-05 | 99 |
2019-06 | 101 |
2019-07 | 102 |
2019-08 | 103 |
2019-09 | 104 |
2019-10 | 104 |
2019-11 | 105 |
2019-12 | 102 |
2020-01 | 104 |
2020-02 | 104 |
graphiqueConsumer confidence synthetic index

- Source: INSEE.
Personal situation
Future financial situation: slight decrease
In February, households' opinion balance on their future financial situation has lost two points but remains slightly above its long-term average.
The balance related to their past financial situation has gained one point and remains above its long-term average.
In addition, the share of households considering it is a suitable time to make major purchases has slightly decreased compared to the previous month: the corresponding balance has lost one point but remains above its average.
Saving capacity: increase
In February, households’ opinion balance on their expected saving capacity has increased by one point and remains clearly above its long-term average.
Household’ opinion balance related to their current saving capacity has also gained one point, after four months of stability. The corresponding balance stays above its long-term average.
In contrast, the share of households considering it is a suitable time to save kept declining in February (–1 point). The corresponding balance therefore remains 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 | -32 |
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 | -23 | -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 | -74 | -20 | -31 |
2014-11 | -48 | -68 | -17 | -33 |
2014-12 | -43 | -66 | -16 | -27 |
2015-01 | -42 | -66 | -17 | -29 |
2015-02 | -37 | -61 | -15 | -27 |
2015-03 | -34 | -59 | -13 | -27 |
2015-04 | -35 | -57 | -12 | -24 |
2015-05 | -34 | -58 | -14 | -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 | -54 | -10 | -24 |
2015-12 | -30 | -54 | -7 | -26 |
2016-01 | -27 | -55 | -9 | -24 |
2016-02 | -32 | -56 | -10 | -25 |
2016-03 | -35 | -57 | -12 | -24 |
2016-04 | -37 | -57 | -13 | -25 |
2016-05 | -28 | -48 | -10 | -25 |
2016-06 | -33 | -54 | -10 | -23 |
2016-07 | -33 | -53 | -10 | -28 |
2016-08 | -34 | -54 | -10 | -22 |
2016-09 | -29 | -54 | -9 | -23 |
2016-10 | -28 | -53 | -7 | -23 |
2016-11 | -25 | -49 | -8 | -24 |
2016-12 | -22 | -51 | -7 | -22 |
2017-01 | -26 | -47 | -5 | -22 |
2017-02 | -23 | -48 | -5 | -22 |
2017-03 | -23 | -48 | -7 | -20 |
2017-04 | -22 | -50 | -10 | -19 |
2017-05 | -17 | -45 | -6 | -19 |
2017-06 | 1 | -40 | -4 | -14 |
2017-07 | -11 | -40 | -11 | -17 |
2017-08 | -20 | -40 | -9 | -17 |
2017-09 | -20 | -42 | -11 | -21 |
2017-10 | -24 | -40 | -15 | -21 |
2017-11 | -18 | -39 | -10 | -19 |
2017-12 | -12 | -30 | -9 | -17 |
2018-01 | -18 | -29 | -12 | -16 |
2018-02 | -24 | -36 | -18 | -23 |
2018-03 | -24 | -40 | -12 | -24 |
2018-04 | -22 | -35 | -11 | -26 |
2018-05 | -28 | -39 | -14 | -25 |
2018-06 | -33 | -46 | -14 | -27 |
2018-07 | -32 | -47 | -12 | -28 |
2018-08 | -30 | -47 | -12 | -30 |
2018-09 | -36 | -50 | -17 | -30 |
2018-10 | -31 | -53 | -16 | -29 |
2018-11 | -44 | -58 | -18 | -28 |
2018-12 | -38 | -65 | -21 | -33 |
2019-01 | -30 | -62 | -14 | -28 |
2019-02 | -29 | -56 | -12 | -26 |
2019-03 | -29 | -53 | -10 | -26 |
2019-04 | -29 | -53 | -8 | -25 |
2019-05 | -26 | -51 | -5 | -23 |
2019-06 | -23 | -43 | -6 | -22 |
2019-07 | -24 | -42 | -5 | -20 |
2019-08 | -22 | -43 | -5 | -18 |
2019-09 | -22 | -40 | -2 | -18 |
2019-10 | -23 | -38 | -4 | -18 |
2019-11 | -21 | -35 | -2 | -17 |
2019-12 | -29 | -39 | -6 | -20 |
2020-01 | -29 | -38 | -3 | -16 |
2020-02 | -25 | -37 | -5 | -15 |
graphiqueBalances on personal financial situation and standard of living in France

- Source: INSEE.
tableauCONSUMER OPINION: synthetic index and opinion balances
Avg. (1) | Nov 19 | Dec 19 | Jan 20 | Feb 20 | |
---|---|---|---|---|---|
Synthetic index (2) | 100 | 105 | 102 | 104 | 104 |
Financial sit., past 12 m. | -21 | -17 | -20 | -16 | -15 |
Financial sit., next 12 m. | -6 | -2 | -6 | -3 | -5 |
Current saving capacity | 8 | 13 | 13 | 13 | 14 |
Expected saving capacity | -9 | 0 | -4 | -1 | 0 |
Savings intentions, next 12 m. | 17 | 10 | 9 | 7 | 6 |
Major purchases intentions, next 12 m. | -14 | -5 | -8 | -7 | -8 |
Standard of living, past 12 m. | -45 | -35 | -39 | -38 | -37 |
Standard of living, next 12 m. | -25 | -21 | -29 | -29 | -25 |
Unemployment, next 12 m. | 33 | 1 | 7 | 6 | -6 |
Consumer prices, past 12 m. | -17 | -32 | -34 | -35 | -34 |
Consumer prices, next 12 m. | -33 | -24 | -24 | -25 | -25 |
- (1) Average value between January 1987 and December 2019
- (2) The indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987–2019).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Future standard of living in France: clear increase
In February, the share of households considering that the future standard of living in France will improve during the next twelve months has increased sharply: the corresponding balance has gained four points, reaching its long-term average.
Households’ opinion balance about the past standard of living in France has increased slightly (+1 point) and remains above its long-term average.
Unemployment: fears strongly decreasing
Households' fears about the unemployment trend have declined markedly in February: the corresponding balance, at its lowest level since July 2007, has lost twelve points.
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 | 55 |
2014-02 | 55 |
2014-03 | 54 |
2014-04 | 57 |
2014-05 | 61 |
2014-06 | 67 |
2014-07 | 67 |
2014-08 | 62 |
2014-09 | 67 |
2014-10 | 52 |
2014-11 | 66 |
2014-12 | 65 |
2015-01 | 66 |
2015-02 | 58 |
2015-03 | 43 |
2015-04 | 61 |
2015-05 | 62 |
2015-06 | 61 |
2015-07 | 58 |
2015-08 | 50 |
2015-09 | 45 |
2015-10 | 47 |
2015-11 | 35 |
2015-12 | 45 |
2016-01 | 36 |
2016-02 | 44 |
2016-03 | 39 |
2016-04 | 51 |
2016-05 | 25 |
2016-06 | 26 |
2016-07 | 28 |
2016-08 | 34 |
2016-09 | 29 |
2016-10 | 30 |
2016-11 | 28 |
2016-12 | 18 |
2017-01 | 17 |
2017-02 | 20 |
2017-03 | 21 |
2017-04 | 15 |
2017-05 | 22 |
2017-06 | 6 |
2017-07 | 9 |
2017-08 | -1 |
2017-09 | 16 |
2017-10 | 12 |
2017-11 | 4 |
2017-12 | 5 |
2018-01 | -1 |
2018-02 | 6 |
2018-03 | 5 |
2018-04 | 4 |
2018-05 | 4 |
2018-06 | 16 |
2018-07 | 15 |
2018-08 | 24 |
2018-09 | 22 |
2018-10 | 6 |
2018-11 | 29 |
2018-12 | 28 |
2019-01 | 30 |
2019-02 | 14 |
2019-03 | 21 |
2019-04 | 26 |
2019-05 | 15 |
2019-06 | 14 |
2019-07 | 12 |
2019-08 | 7 |
2019-09 | 2 |
2019-10 | 2 |
2019-11 | 1 |
2019-12 | 7 |
2020-01 | 6 |
2020-02 | -6 |
graphiqueHouseholds' unemployment expectations

- Source: INSEE.
Perceived and expected inflation: virtual stability
In February, the share of households considering that prices were on the rise during the pas twelve months have been slightly more numerous than the previous month: the corresponding balance has gained one point but remains well below its average.
Households’ opinion balance regarding future prices has remained unchanged.
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 | -17 |
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 | -24 |
2013-10 | -8 | -21 |
2013-11 | -8 | -23 |
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 | -36 |
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 | -42 |
2016-02 | -56 | -39 |
2016-03 | -58 | -37 |
2016-04 | -58 | -37 |
2016-05 | -53 | -38 |
2016-06 | -53 | -35 |
2016-07 | -51 | -36 |
2016-08 | -51 | -35 |
2016-09 | -46 | -34 |
2016-10 | -52 | -38 |
2016-11 | -52 | -39 |
2016-12 | -48 | -29 |
2017-01 | -44 | -24 |
2017-02 | -46 | -31 |
2017-03 | -47 | -25 |
2017-04 | -51 | -27 |
2017-05 | -56 | -33 |
2017-06 | -56 | -40 |
2017-07 | -53 | -31 |
2017-08 | -54 | -32 |
2017-09 | -54 | -30 |
2017-10 | -50 | -24 |
2017-11 | -45 | -28 |
2017-12 | -46 | -34 |
2018-01 | -41 | -16 |
2018-02 | -34 | -20 |
2018-03 | -39 | -23 |
2018-04 | -40 | -25 |
2018-05 | -31 | -17 |
2018-06 | -27 | -19 |
2018-07 | -25 | -20 |
2018-08 | -25 | -22 |
2018-09 | -15 | -16 |
2018-10 | -14 | -15 |
2018-11 | -10 | -13 |
2018-12 | -9 | -24 |
2019-01 | -32 | -41 |
2019-02 | -27 | -18 |
2019-03 | -19 | -22 |
2019-04 | -19 | -21 |
2019-05 | -20 | -21 |
2019-06 | -20 | -21 |
2019-07 | -26 | -23 |
2019-08 | -27 | -22 |
2019-09 | -28 | -25 |
2019-10 | -27 | -23 |
2019-11 | -32 | -24 |
2019-12 | -34 | -24 |
2020-01 | -35 | -25 |
2020-02 | -34 | -25 |
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’ judgment 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 1st and February 20 2020. 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.
Next publication: 27 March 2020 at 8:45 am