In November 2011, households’ confidence about the economic situation deteriorated (-3 points)Monthly consumer confidence survey - November 2011

In November 2011, households’ confidence about the economic situation declined: the synthetic confidence index lost 3 points compared with October and stood at its lowest level since February 2009.

Informations rapides
No 288
Paru le : 25/11/2011
Prochaine parution le : 28/11/2017 at 08:45 - November 2017

In November 2011, households’ confidence about the economic situation declined: the synthetic confidence index lost 3 points compared with October and stood at its lowest level since February 2009.

Personal situation

Financial situation: decreasing

In November, households appreciation of their past and future financial situation decreased: both corresponding balances lost 1 and 4 points respectively. Households also considered less opportune to make major purchases (-3 points).

Savings: decreasing too

Households’ opinion about their current saving capacity decreased in November (-2 points), but remained above its long-term average. Their appreciation of their savings capacity in the next 12 months also declined : the corresponding balance lost 3 points compared with October.

Moreover, households considered it less opportune than in October to save: the corresponding balance of opinion decreased by 3 points.

Graph1_english – Consumer synthetic index

Tab_eng – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted
CONSUMER OPINION: synthetic index and opinion balances
2011
Average (1) Aug. Sept. Oct. Nov.
Synthetic index (2) 100 82 80 82 79
Financial sit., past 12 m. –17 –28 –29 –28 –29
Financial sit., next 12 m. –2 –22 –25 –24 –28
Current saving capacity 11 17 16 19 17
Expected saving capacity –9 –13 –13 –10 –13
Savings intentions, next 12 m. 20 20 16 18 15
Major purchases intentions, next 12 m. –13 –24 –26 –23 –26
General economic sit., past 12 m. –40 –71 –76 –75 –75
General economic sit., next 12 m. –21 –53 –59 –57 –65
Unemployment, next 12 m. 33 57 70 60 70
Consumer prices, past 12 m. –19 18 16 12 10
Consumer prices, next 12 m. –35 –18 –17 –20 –10
  • (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: more pessimistic expectations

Households were markedly more pessimistic about the expected general economic situation in France. The corresponding balance of opinion lost 8 points in November, that is, a total loss of 20 points since July, and reached its lowest historical level. Households’ opinion about the past general economic situation was stable but remained clearly below its long-term average.

Future unemployment: expectations sharply increasing

In November, households were far more numerous to forecast an increase in unemployment (+10 points). This balance of opinion went back to its level of September, the highest since June 2010.

Inflation’s appreciation: past inflation decreasing, expected inflation increasing

Households perceived a declining inflation: the corresponding balance of past inflation lost 2 points in November and has decreased by 25 points since April. Nevertheless, their forecasts about inflation sharply increased (+10 points).

Graph2_english – Balances on personal financial situation and general economic situation

chomage_en – Households' unemployment expectations

prix_en – Households' perception of prices

Documentation

Methodology (pdf, 64 Ko)