In October 2011, households are less pessimistic about the economic situation (+2 points)Monthly consumer confidence survey - October 2011

In October 2011, households’ confidence about the economic situation improved: the synthetic confidence index gained 2 points compared with September; After a sharp decrease this summer (–5 points between July and September), it remains below its long-term average.

Publications for general public
Informations rapides – No 262
Paru le : 10/25/2011
Prochaine parution le : 01/04/2017 at 08:45 - December 2016

In October 2011, households’ confidence about the economic situation improved: the synthetic confidence index gained 2 points compared with September; After a sharp decrease this summer (–5 points between July and September), it remains below its long-term average.

Personal situation

Financial situation: increasing

In October, households appreciation of their past and future financial situation increased: both corresponding balances gained 2 points. Households are also more numerous than in September to consider it opportune to make major purchases (+3 points). These three balances remain below their long-term averages.

Savings: increasing too

Households’ opinion about their current saving capacity increased in October (+3 points). Their appreciation of their savings capacity in the next 12 months also improved : the corresponding balance gained 4 points, standing at its long-term average.

Moreover, households considered it more opportune than in September to save: after the sharp decrease of this summer (–8 points between July and September), the corresponding balance of opinion increased by 8 points.

Graph1_english – Consumer synthetic index

Tab_eng – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted, in points
CONSUMER OPINION: synthetic index and opinion balances
2011
Average (1) July Aug. Sept. Oct.
Synthetic index (2) 100 85 83 80 82
Financial sit., past 12 m. –17 –28 –28 –29 –27
Financial sit., next 12 m. –2 –19 –22 –25 –23
Current saving capacity 11 20 18 16 19
Expected saving capacity –9 –12 –13 –13 –9
Savings intentions, next 12 m. 20 24 20 16 18
Major purchases intentions, next 12 m. –13 –21 –23 –25 –22
General economic sit., past 12 m. –40 –67 –71 –76 –75
General economic sit., next 12 m. –21 –45 –52 –59 –55
Unemployment, next 12 m. 33 47 56 70 58
Consumer prices, past 12 m. –19 21 19 16 13
Consumer prices, next 12 m. –35 –19 –19 –19 –21
  • (1) Average value between January 1987 and December 2010
  • (2) This indicator is normalized in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2010).

Economic situation in France

General economic situation in France: expectations increasing

Households were less pessimistic about the expected general economic situation in France. After having lost 14 points between July and September, the corresponding balance of opinion gained 4 points in October. After having declined too during the summer (–9 points), households’ opinion about the past general economic situation was almost stable (+1 point). Both balances of opinion remain clearly below their long-term average.

Future unemployment: expectations sharply decreasing

In October, households were far less numerous than in July to forecast an increase in unemployment. This balance of opinion decreased by 12 points in October, after its sharp increase during the summer (+23 points between July and September).

Inflation’s appreciation: decreasing

Households perceived a declining inflation: the corresponding balance lost 3 points in October, prolonging the decline that began in April. Their opinion about expected inflation declined too (–2 points).

Graph2_english – Balances on personnal financial situation and general economic situation

chomage_en – Households' unemployment expectations

prix_en – Households' perception of prices