In March 2012, households’ confidence markedly increasedMonthly consumer confidence survey - March 2012

In March 2012, households’ confidence about the economic situation markedly increased: the synthetic confidence index gained five points compared with February. Recovering its February 2011 level, it remained however clearly below its long-term average.

Informations rapides
No 77
Paru le : 27/03/2012
Prochaine parution le : 27/09/2017 at 08:45 - September 2017

In March 2012, households’ confidence about the economic situation markedly increased: the synthetic confidence index gained five points compared with February. Recovering its February 2011 level, it remained however clearly below its long-term average.

Personal situation

Financial situation: increasing

In March, households appreciation of their past and future financial situation increased. The corresponding balances rose respectively by 3 and 7 points. Their major purchases intentions were stable compared with February.

Savings: decreasing

Households’ opinion about their current saving capacity decreased by 3 points with respect to February. Their opinion about their savings capacity in the next 12 months were stable.

Moreover, households considered it less opportune than in February to save (-2 points).

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
2011 2012
Average (1) Dec. Jan. Feb. Mar.
Synthetic index (2) 100 81 82 82 87
Financial sit., past 12 m. –18 –30 –29 –31 –28
Financial sit., next 12 m. –3 –29 –27 –25 –18
Current saving capacity 12 17 19 19 16
Expected saving capacity –10 –13 –14 –12 –12
Savings intentions, next 12 m. 20 18 20 24 22
Major purchases intentions, next 12 m. –14 –26 –29 –24 –24
General economic sit., past 12 m. –41 –73 –72 –75 –66
General economic sit., next 12 m. –23 –60 –56 –51 –39
Unemployment, next 12 m. 34 68 65 63 57
Consumer prices, past 12 m. –17 12 12 14 9
Consumer prices, next 12 m. –34 –12 –15 –14 –22
  • (1) Average value between January 1987 and December 2011
  • (2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2011).

Economic situation in France

General economic situation in France: sharply increasing

In March, households’ opinion about the expected general economic situation in France rocketed (+12 points), so it gained a total of 24 points since November 2011, its lowest historical level. The opinion about the past general economic situation sharply improved too (+9 points). Nevertheless, both balances remained clearly below their long-term average.

Future unemployment: expectations decreasing

In March, households were less numerous than in February to forecast an increase in unemployment. This balance of opinion lost 6 points, remaining however much higher than its long-term average.

Inflation’s appreciation: sharply decreasing

In March, households considered that past inflation was less high than what they had perceived in February. Their forecasts about future inflation sharply decreased with respect to February too (-8 points). The corresponding balance reached its lowest level since November 2010.

Graph2_english – Balances on personnal financial situation and general economic situation

chomage_en – Households' unemployment expectations

prix_en – Households' perception of prices

Documentation

Methodology (pdf, 64 Ko)