29 June 2010
2010- n° 168In June, households are slightly more pessimistic than in May about the economic
situation (–1 point) Monthly consumer confidence survey - June 2010
In June 2010, the consumer confidence indicator slightly decreases: it loses 1 point with respect to May (s.a. data). Since the beginning of the year the summary indicator has lost 9 points.
In June 2010, the consumer confidence indicator slightly decreases: it loses 1 point with respect to May (s.a. data). Since the beginning of the year the summary indicator has lost 9 points.
Components of the confidence indicator
Personnal situations are stable but national outlooks deteriorate
In June, households appreciation of their past or future financial situation is stable, so is their opinion on the timeliness to make major purchases.
However, outlooks on the future general economic situation keep on deteriorating (–2 points with respect to May, –19 points with respect to January). In addition, households are now also reporting a decrease in the past general economic situation (–3 points with respect to May after four months of stability).
graphiqueGraph1_english – Summary consumer confidence indicator
Other opinion balances
Future unemployment: fears remain
In June, households are more numerous to expect an increase in unemployment (+5 points). After rocketting from 8 to 89 points between January 2008 and June 2009, this balance has decreased and is now stable around 65 points, which is quite larger than its long term average.(33 points).
Inflation’s appreciation: almost stable
In June, households report that past inflation has been stable. However, the expected inflation balance of opinion markedly is decreasing for the first time since last year (–1 point).
Current financial situation of households: slightly decreasing
Households’ opinion about their current financial situation slightly decreases but remains higher than its long term value.
Households also believe that their savings capacity in the next 12 months slightly deteriorates. Their opinion on the timeliness for savings goes down by 2 points.
tableauenglish_tempo – Consumer opinion
| 2010 | |||||
|---|---|---|---|---|---|
| Average* | March | Apr. | May | June | |
| Summary indicator | –18 | –34 | –37 | –38 | –39 |
| Financial situation, past 12 months | –17 | –24 | –25 | –25 | –25 |
| Financial situation, next 12 months | –1 | –13 | –16 | –19 | –19 |
| General economic situation, past 12 months | –40 | –68 | –69 | –68 | –71 |
| General economic situation, next 12 months | –21 | –43 | –48 | –53 | –55 |
| Major purchases intentions, next 12 months | –13 | –23 | –26 | –24 | –24 |
- * average value since 1987
graphiquechomage_en – Households' unemployment expectations
graphiqueprix_en – Households' perception of prices
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