In June 2013, households’ confidence keeps declining (-1 point)Monthly consumer confidence survey - June 2013

In June 2013, households’ confidence about the economic situation slightly declined. The synthetic confidence index lost 1 point with respect to May, falling to a new lowest level.

Publications for general public
Informations rapides – No 147
Paru le : 06/27/2013
Prochaine parution le : 01/04/2017 at 08:45 - December 2016

In June 2013, households’ confidence about the economic situation slightly declined. The synthetic confidence index lost 1 point with respect to May, falling to a new lowest level.

Personal situation

Financial situation: almost stable

In June, households appreciation of their future financial situation was stable. Their opinion on their past financial situation was almost stable (+1 point), as their opinion about the suitable time to make major purchases (–1 point). These three balances remained clearly below their long term averages.

Savings: decreasing

In June, households’ opinion about their current saving capacity was almost stable (–1 point). Their opinion about their savings capacity in the next 12 months deteriorated (–3 points).

Households were more numerous than in May to think that it was a suitable moment to save. The corresponding balance gained two points and remained clearly beyond its long–term average.

Graph1_english – Consumer synthetic index

Tab_eng – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally ajusted
CONSUMER OPINION: synthetic index and opinion balances
2013
Average (1) March April May June
Synthetic index (2) 100 83 83 79 78
Financial sit., past 12 m. –19 –30 –27 –37 –36
Financial sit., next 12 m. –4 –25 –25 –28 –28
Current saving capacity 8 18 15 14 13
Expected saving capacity –10 –3 –5 –3 –6
Savings intentions, next 12 m. 18 36 32 30 32
Major purchases intentions, next 12 m. –14 –31 –30 –33 –34
General economic sit., past 12 m. –43 –74 –77 –79 –81
General economic sit., next 12 m. –23 –61 –62 –65 –67
Unemployment, next 12 m. 32 77 75 81 83
Consumer prices, past 12 m. –13 –13 –16 –19 –14
Consumer prices, next 12 m. –34 –16 –21 –16 –17
  • (1) Average value between January 1987 and December 2012
  • (2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2012).

Economic situation in France

General economic situation in France: new deterioration

In June, households’ opinion about the expected general economic situation in France slipped. The corresponding balance kept decreasing, as it had been doing since January (–2 points with respect to May), and reached a new historically lowest level. Furthermore, their opinion about past general economic situation decreased again (–2 points), thus reaching its lowest historical value of October 2008.

Future unemployment: expectations increasing again

In June, households were more numerous to forecast an increase in unemployment: the corresponding balance increased by 2 points with respect to May and reached its highest level since June 2009.

Inflation’s appreciation: increasing anew

In June, households were more numerous than in May to estimate that past inflation increased. The corresponding balance increased by 5 points, after a continuous decline since September 2012, and was close to its long-term average. Nevertheless, households’ opinion about future inflation was almost stable (–1 point), and remained above its long-term average.

Graph2_english – Balances on personnal financial situation and general economic situation

chomage_en – Households' unemployment expectations

prix_en – Households' perception of prices