Insee
Informations Rapides · 30 March 2021 · n° 84
Informations rapidesIn March 2021, households’ confidence has bounced back slightly Monthly consumer confidence survey - March 2021

In March 2021, households’ confidence in the economic situation has bounced back slightly. At 94, the synthetic index has gained three points but remains below its long-term average (100).

Informations rapides
No 84
Paru le :Paru le30/03/2021
Prochaine parution le : 26/08/2025 at 08:45 - August 2025

In March 2021, households’ confidence in the economic situation has bounced back slightly. At 94, the synthetic index has gained three points but remains below its long-term average (100).

Consumer confidence synthetic index

Consumer confidence synthetic index
Consumer confidence synthetic index
2000-01 119
2000-02 119
2000-03 120
2000-04 122
2000-05 123
2000-06 123
2000-07 124
2000-08 122
2000-09 119
2000-10 120
2000-11 120
2000-12 124
2001-01 127
2001-02 125
2001-03 123
2001-04 121
2001-05 117
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
2002-03 111
2002-04 109
2002-05 113
2002-06 112
2002-07 109
2002-08 108
2002-09 107
2002-10 108
2002-11 108
2002-12 108
2003-01 104
2003-02 102
2003-03 98
2003-04 99
2003-05 101
2003-06 100
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 98
2005-05 95
2005-06 94
2005-07 94
2005-08 93
2005-09 93
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 89
2008-05 86
2008-06 82
2008-07 82
2008-08 82
2008-09 84
2008-10 82
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 88
2009-08 89
2009-09 90
2009-10 90
2009-11 93
2009-12 93
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 87
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 84
2012-10 84
2012-11 84
2012-12 86
2013-01 85
2013-02 85
2013-03 83
2013-04 83
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 88
2014-12 90
2015-01 90
2015-02 93
2015-03 94
2015-04 95
2015-05 93
2015-06 94
2015-07 93
2015-08 94
2015-09 98
2015-10 96
2015-11 97
2015-12 97
2016-01 97
2016-02 96
2016-03 95
2016-04 94
2016-05 99
2016-06 97
2016-07 96
2016-08 96
2016-09 97
2016-10 98
2016-11 99
2016-12 100
2017-01 101
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
2018-02 101
2018-03 101
2018-04 102
2018-05 100
2018-06 97
2018-07 97
2018-08 97
2018-09 94
2018-10 95
2018-11 92
2018-12 88
2019-01 93
2019-02 96
2019-03 96
2019-04 97
2019-05 99
2019-06 101
2019-07 102
2019-08 103
2019-09 104
2019-10 104
2019-11 106
2019-12 102
2020-01 104
2020-02 105
2020-03 103
2020-04 93
2020-05 91
2020-06 95
2020-07 93
2020-08 93
2020-09 95
2020-10 93
2020-11 89
2020-12 95
2021-01 92
2021-02 91
2021-03 94

Consumer confidence synthetic index

  • Source: INSEE.

Personal situation

Future financial situation: improvement

In March, the households’ opinion balance related to their future financial situation has gained four points and passes over its long-term average. The households’ opinion balance related to their past financial situation has increased slightly. It has gained one point and remains above its average.

The share of households considering it is a suitable time to make major purchases has increased. The corresponding balance has gained two points but remains below its average.

Saving intentions: new historical high

In March, the share of households considering it is a suitable time to save has increased again. The corresponding balance has gained three points, and reaches its new highest historical level.

Conversely, households’ opinion balance related to their future saving capacity has lost two points. Households’ opinion balance related to their current saving capacity has been stable. Both balances remain well above their averages.

Balances on personal financial situation and standard of living in France

Balances on personal financial situation and standard of living in France
Standard of living, future Standard of living, past Financial situation, future Financial situation, past
2005-01 -30 -56 -5 -21
2005-02 -29 -53 -4 -20
2005-03 -31 -54 -6 -22
2005-04 -32 -54 -5 -22
2005-05 -37 -59 -8 -24
2005-06 -33 -65 -6 -25
2005-07 -36 -65 -7 -25
2005-08 -37 -65 -8 -25
2005-09 -38 -66 -8 -26
2005-10 -40 -66 -10 -29
2005-11 -41 -65 -10 -28
2005-12 -35 -63 -7 -23
2006-01 -33 -60 -5 -22
2006-02 -31 -55 -4 -21
2006-03 -34 -57 -6 -19
2006-04 -38 -59 -6 -21
2006-05 -38 -61 -6 -23
2006-06 -38 -59 -7 -21
2006-07 -33 -55 -5 -19
2006-08 -33 -57 -4 -20
2006-09 -28 -54 -4 -20
2006-10 -24 -55 -3 -22
2006-11 -25 -56 -4 -22
2006-12 -26 -56 -5 -21
2007-01 -23 -57 -4 -22
2007-02 -19 -56 -4 -22
2007-03 -17 -56 -2 -20
2007-04 -15 -56 -2 -20
2007-05 3 -50 7 -16
2007-06 0 -44 3 -13
2007-07 -6 -44 -1 -15
2007-08 -16 -48 -4 -16
2007-09 -25 -51 -5 -17
2007-10 -23 -54 -6 -20
2007-11 -37 -61 -10 -23
2007-12 -30 -63 -10 -26
2008-01 -42 -67 -16 -29
2008-02 -40 -70 -14 -29
2008-03 -37 -71 -14 -33
2008-04 -41 -70 -16 -32
2008-05 -46 -75 -18 -34
2008-06 -55 -78 -24 -37
2008-07 -54 -80 -21 -38
2008-08 -51 -81 -20 -37
2008-09 -49 -79 -17 -35
2008-10 -57 -81 -21 -33
2008-11 -53 -78 -20 -33
2008-12 -56 -78 -20 -32
2009-01 -56 -75 -19 -31
2009-02 -57 -77 -20 -30
2009-03 -56 -77 -20 -30
2009-04 -50 -76 -17 -29
2009-05 -46 -76 -15 -30
2009-06 -43 -73 -12 -25
2009-07 -43 -75 -12 -26
2009-08 -40 -72 -12 -30
2009-09 -38 -71 -11 -27
2009-10 -38 -70 -12 -27
2009-11 -33 -66 -8 -25
2009-12 -34 -65 -10 -23
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 -72 -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 -58 -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 -31 -54 -10 -24
2015-11 -31 -53 -10 -24
2015-12 -31 -54 -7 -26
2016-01 -27 -55 -9 -24
2016-02 -32 -56 -10 -24
2016-03 -35 -57 -12 -24
2016-04 -36 -57 -13 -25
2016-05 -28 -48 -10 -25
2016-06 -33 -54 -10 -23
2016-07 -33 -53 -10 -29
2016-08 -35 -54 -11 -22
2016-09 -29 -54 -9 -23
2016-10 -29 -53 -7 -23
2016-11 -25 -49 -8 -24
2016-12 -23 -51 -8 -22
2017-01 -27 -47 -5 -22
2017-02 -23 -48 -5 -22
2017-03 -22 -48 -7 -20
2017-04 -21 -51 -9 -20
2017-05 -17 -45 -7 -20
2017-06 0 -40 -4 -14
2017-07 -12 -40 -11 -17
2017-08 -21 -40 -10 -18
2017-09 -21 -41 -11 -21
2017-10 -25 -39 -15 -21
2017-11 -17 -38 -10 -19
2017-12 -13 -30 -9 -17
2018-01 -18 -30 -12 -16
2018-02 -24 -35 -18 -22
2018-03 -23 -40 -12 -24
2018-04 -20 -37 -11 -26
2018-05 -27 -40 -14 -26
2018-06 -33 -47 -14 -27
2018-07 -33 -47 -12 -28
2018-08 -31 -46 -12 -30
2018-09 -37 -49 -17 -30
2018-10 -32 -52 -16 -29
2018-11 -43 -57 -18 -28
2018-12 -38 -65 -21 -33
2019-01 -30 -62 -14 -28
2019-02 -29 -56 -12 -25
2019-03 -27 -54 -10 -26
2019-04 -26 -55 -8 -25
2019-05 -24 -52 -5 -24
2019-06 -24 -44 -6 -23
2019-07 -25 -41 -5 -20
2019-08 -24 -42 -5 -18
2019-09 -24 -39 -2 -17
2019-10 -24 -37 -4 -18
2019-11 -20 -34 -2 -17
2019-12 -29 -38 -6 -20
2020-01 -28 -38 -3 -15
2020-02 -26 -37 -4 -14
2020-03 -36 -33 -7 -13
2020-04 -70 -32 -22 -8
2020-05 -70 -49 -19 -10
2020-06 -55 -57 -8 -12
2020-07 -53 -65 -8 -15
2020-08 -53 -64 -8 -14
2020-09 -46 -66 -4 -16
2020-10 -54 -66 -8 -15
2020-11 -63 -70 -14 -15
2020-12 -42 -69 -4 -14
2021-01 -50 -69 -9 -17
2021-02 -54 -72 -8 -16
2021-03 -38 -76 -4 -15

Balances on personal financial situation and standard of living in France

  • Source: INSEE

CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted
CONSUMER OPINION: synthetic index and opinion balances (Balance of responses, seasonally adjusted )
Avg. (1) Dec 20 Jan 21 Fev 21 Mar 21
Synthetic index (2) 100 95 92 91 94
Financial sit., past 12 m. -21 -14 -17 -16 -15
Financial sit., next 12 m. -6 -4 -9 -8 -4
Current saving capacity 9 24 26 25 25
Expected saving capacity -8 9 8 11 9
Savings intentions, next 12 m. 17 27 39 39 42
Major purchases intentions, next 12 m. -14 -12 -18 -17 -15
Standard of living, past 12 m. -46 -69 -69 -72 -76
Standard of living, next 12 m. -26 -42 -50 -54 -38
Unemployment, next 12 m. 34 69 76 76 68
Consumer prices, past 12 m. -18 -38 -39 -38 -37
Consumer prices, next 12 m. -32 -28 -28 -30 -25
  • (1) Average value between January 1987 and December 2020
  • (2) The indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987–2020).
  • Source: INSEE, monthly consumer confidence survey

Economic situation in France

Future standard of living in France: sharp rebound

In March, the share of households considering that the standard of living in France will improve in the next twelve months has bounced back sharply. The corresponding balance has gained sixteen points but is still far from its long-term average.

On the contrary, the share of households considering that the standard of living in France has improved during the past twelve months has decreased again. The corresponding balance has fallen by four points to its lowest level since July 2013.

Unemployment: fears have decreased but remain high

Households' fears about unemployment trend have decreased in March. The corresponding balance has lost eight points but stays well above its average.

Households' unemployment expectations

Balance, SA
Households' unemployment expectations (Balance, SA)
Households' unemployment expectations
2005-01 47
2005-02 37
2005-03 42
2005-04 45
2005-05 59
2005-06 36
2005-07 36
2005-08 29
2005-09 22
2005-10 16
2005-11 15
2005-12 14
2006-01 9
2006-02 8
2006-03 24
2006-04 17
2006-05 13
2006-06 15
2006-07 5
2006-08 6
2006-09 0
2006-10 5
2006-11 3
2006-12 21
2007-01 7
2007-02 6
2007-03 9
2007-04 3
2007-05 -14
2007-06 -10
2007-07 -15
2007-08 -5
2007-09 3
2007-10 2
2007-11 3
2007-12 -3
2008-01 1
2008-02 6
2008-03 7
2008-04 3
2008-05 15
2008-06 14
2008-07 27
2008-08 39
2008-09 45
2008-10 64
2008-11 69
2008-12 76
2009-01 75
2009-02 75
2009-03 74
2009-04 78
2009-05 81
2009-06 85
2009-07 75
2009-08 64
2009-09 67
2009-10 60
2009-11 55
2009-12 54
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 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 65
2015-01 66
2015-02 58
2015-03 43
2015-04 61
2015-05 61
2015-06 60
2015-07 58
2015-08 50
2015-09 45
2015-10 47
2015-11 36
2015-12 45
2016-01 36
2016-02 44
2016-03 39
2016-04 51
2016-05 24
2016-06 25
2016-07 28
2016-08 33
2016-09 29
2016-10 30
2016-11 29
2016-12 19
2017-01 18
2017-02 19
2017-03 20
2017-04 16
2017-05 20
2017-06 5
2017-07 9
2017-08 -1
2017-09 17
2017-10 12
2017-11 5
2017-12 7
2018-01 1
2018-02 4
2018-03 5
2018-04 5
2018-05 1
2018-06 14
2018-07 13
2018-08 24
2018-09 23
2018-10 7
2018-11 30
2018-12 31
2019-01 32
2019-02 11
2019-03 21
2019-04 27
2019-05 10
2019-06 10
2019-07 10
2019-08 8
2019-09 3
2019-10 4
2019-11 1
2019-12 11
2020-01 9
2020-02 -9
2020-03 20
2020-04 62
2020-05 75
2020-06 77
2020-07 76
2020-08 70
2020-09 71
2020-10 74
2020-11 78
2020-12 69
2021-01 76
2021-02 76
2021-03 68

Households' unemployment expectations

  • Source: INSEE

Inflation: increase

In March, households considering that prices will be on the rise during the next twelve months have been a bit more numerous than in February. The corresponding balance has gained five points, and remains above its long-term average.

The share of households considering that prices were on the rise during the past twelve months has been almost stable. The corresponding balance has gained one point, but still remains well below its long-term average.

Households' perception of prices

Balance, SA
Households' perception of prices (Balance, SA)
Past prices Future prices
2005-01 14 -44
2005-02 15 -41
2005-03 15 -40
2005-04 14 -40
2005-05 15 -40
2005-06 11 -40
2005-07 13 -35
2005-08 12 -32
2005-09 12 -31
2005-10 11 -32
2005-11 9 -35
2005-12 4 -35
2006-01 1 -37
2006-02 4 -36
2006-03 -3 -35
2006-04 7 -32
2006-05 18 -29
2006-06 11 -32
2006-07 7 -34
2006-08 10 -37
2006-09 14 -40
2006-10 12 -39
2006-11 13 -38
2006-12 18 -35
2007-01 17 -38
2007-02 11 -39
2007-03 6 -36
2007-04 5 -34
2007-05 -1 -43
2007-06 -3 -31
2007-07 6 -27
2007-08 13 -21
2007-09 20 -15
2007-10 27 -20
2007-11 45 -8
2007-12 54 -25
2008-01 51 -15
2008-02 51 -30
2008-03 67 -45
2008-04 63 -38
2008-05 71 -39
2008-06 70 -31
2008-07 67 -30
2008-08 60 -42
2008-09 50 -53
2008-10 43 -37
2008-11 29 -47
2008-12 19 -50
2009-01 6 -51
2009-02 7 -49
2009-03 -1 -54
2009-04 -6 -56
2009-05 -11 -57
2009-06 -16 -56
2009-07 -19 -52
2009-08 -18 -53
2009-09 -25 -48
2009-10 -16 -45
2009-11 -14 -48
2009-12 -14 -44
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 -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 -41 -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 -38
2016-01 -52 -42
2016-02 -56 -39
2016-03 -58 -37
2016-04 -57 -37
2016-05 -53 -39
2016-06 -53 -36
2016-07 -51 -37
2016-08 -51 -35
2016-09 -46 -34
2016-10 -52 -38
2016-11 -52 -39
2016-12 -47 -28
2017-01 -43 -24
2017-02 -46 -31
2017-03 -47 -26
2017-04 -50 -28
2017-05 -56 -35
2017-06 -56 -42
2017-07 -54 -31
2017-08 -55 -32
2017-09 -55 -29
2017-10 -50 -23
2017-11 -45 -28
2017-12 -45 -32
2018-01 -40 -15
2018-02 -33 -20
2018-03 -38 -24
2018-04 -39 -27
2018-05 -31 -20
2018-06 -27 -21
2018-07 -26 -21
2018-08 -26 -21
2018-09 -17 -14
2018-10 -14 -14
2018-11 -9 -12
2018-12 -8 -21
2019-01 -30 -39
2019-02 -26 -19
2019-03 -18 -24
2019-04 -18 -24
2019-05 -21 -25
2019-06 -21 -24
2019-07 -27 -23
2019-08 -29 -20
2019-09 -30 -22
2019-10 -26 -20
2019-11 -30 -24
2019-12 -32 -21
2020-01 -32 -23
2020-02 -33 -25
2020-03 -40 -15
2020-04 -50 11
2020-05 -30 2
2020-06 -32 -15
2020-07 -29 -21
2020-08 -19 -26
2020-09 -30 -31
2020-10 -36 -32
2020-11 -38 -22
2020-12 -38 -28
2021-01 -39 -28
2021-02 -38 -30
2021-03 -37 -25

Households' 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 February 24, 2021 and March 20, 2021. 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: April 28, 2021 at 8:45 am

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