27 May 2010
2010- n° 140In May, households are slightly more pessimistic than in April about the economic
situation (–1 point) Monthly consumer confidence survey - May 2010
In May 2010, the consumer confidence indicator decreases again: it loses 1 point with respect to April (s.a. data). Hence, the summary indicator has been continuously decreasing since the beginning of the year (–8 points since January).
In May 2010, the consumer confidence indicator decreases again: it loses 1 point with respect to April (s.a. data). Hence, the summary indicator has been continuously decreasing since the beginning of the year (–8 points since January).
Components of the confidence indicator
Outlooks deteriorate
In May, households appreciation of their past financial situation or the past general economic situation are almost stable. But outlooks deteriorate: households are more pessimistic about their future personal financial situation,(–3 points with respect to April, –8 points since January) and the future general economic situation (-5 points with respect to April, -16 points since January). Nevertheless, households are more numerous to report a positive opinion on the timeliness to make major purchases (+2 points).
graphiqueGraph1_english – Summary consumer confidence indicator
Other opinion balances
Future unemployment: fears remain
In May, households are slightly less numerous to expect an increase in unemployment (–1 point). Yet, fears remain high since this balance has been notably above its long term average since the beginning of the year.
Inflation’s appreciation: towards higher inflation
In May, households report that past inflation has decreased: the corresponding balance of opinion loses 2 points. On the other hand, the expected inflation balance of opinion markedly increases (+5 points) and remain above its long term average.
Current financial situation of households is stable
Households’ opinion about their current financial situation is stable and remains higher than its long term value.
Households believe that their savings capacity in the next 12 months is stable. Yet, their opinion on the timeliness for savings goes down by 3 points.
tableauenglish_tempo – Consumer opinion
| 2010 | |||||
|---|---|---|---|---|---|
| Average* | Feb. | March | April | May | |
| Summary indicator | –18 | –33 | –34 | –37 | –38 |
| Financial situation, past 12 months | –17 | –25 | –24 | –25 | –25 |
| Financial situation, next 12 months | –1 | –12 | –13 | –16 | –19 |
| General economic situation, past 12 months | –40 | –67 | –68 | –68 | –67 |
| General economic situation, next 12 months | –21 | –37 | –43 | –48 | –53 |
| Major purchases intentions, next 12 months | –13 | –24 | –23 | –26 | –24 |
- * average value since 1987
graphiquechomage_en – Households' unemployment expectations
graphiqueprix_en – Households' perception of prices
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