26 June 2015
2015- n° 156In June 2015, households’ confidence is stable Monthly consumer confidence survey - June 2015
In June 2015, households’ confidence has been stable for the second month in a row, following a growth of 8 points between October 2014 and April 2015. The synthetic confidence index stands at 94, below its long-term average (100).
In June 2015, households’ confidence has been stable for the second month in a row, following a growth of 8 points between October 2014 and April 2015. The synthetic confidence index stands at 94, below its long-term average (100).
Personal situation
Financial situation: virtually stable
In June, households’ opinion of their past financial situation has remained flat. Their appreciation on their future financial situation has been virtually stable (+1 point), the corresponding balance remaining at its highest level since November 2010. However these two balances stay below their long-term average.
Households are more numerous anew to think it is a suitable time to make major purchases; the corresponding balance has gained 2 points in June, after an equivalent decrease in the previous month. It thus remains above its long-term average.
Saving capacity: virtually stable
In June, households’ opinion of their current saving capacity has been virtually stable (+1 point), slightly below its long-term average. Likewise, the balance of opinion concerning their future saving capacity is stable. Therefore, it stays above its long-term average.
More households think it is an opportune time to save: after a sharp drop in May, the corresponding balance has gained 7 points. It nevertheless remains below its long-term average.
graphiquegraph1_english – Consumer confidence synthetic index
tableauTab_eng – CONSUMER OPINION: synthetic index and opinion balances
| 2015 | |||||
|---|---|---|---|---|---|
| Av. (1) | March | April | May | June | |
| Synthetic index (2) | 100 | 93 | 94 | 94 | 94 |
| Financial sit., past 12 m. | –19 | -27 | -25 | -27 | -27 |
| Financial sit., next 12 m. | –4 | -14 | -13 | -13 | -12 |
| Current saving capacity | 8 | 16 | 17 | 6 | 7 |
| Expected saving capacity | –10 | 1 | 4 | -7 | -7 |
| Savings intentions, next 12 m. | 18 | 15 | 15 | 2 | 9 |
| Major purchases intentions, next 12 m. | –14 | -13 | -11 | -13 | -11 |
| Standard of living, past 12 m. | –43 | -60 | -59 | -58 | -57 |
| Standard of living, next 12 m. | –23 | -36 | -36 | -34 | -35 |
| Unemployment, next 12 m. | 32 | 45 | 59 | 57 | 55 |
| Consumer prices, past 12 m. | –13 | -53 | -52 | -56 | -55 |
| Consumer prices, next 12 m. | –34 | -46 | -43 | -40 | -37 |
- (1) Average value between January 1987 and December 2014
- (2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2014).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Standard of living in France: virtually stable
In June, households’ opinion of the past standard of living in France is virtually stable (+1 point), at its highest level since October 2007. Their appreciation on the future standard of living is also virtually stable (-1 point). These two balances remain far below their long-term averages.
Unemployment: fears decreasing slightly
In June, households are a little less numerous than in May to think that unemployment will rise: the corresponding balance has decreased by 2 points, as in May. However, it remains substantially above its long-term average.
Inflation : expectations rising
In June, the share of households thinking that prices increased has been virtually stable (+1 point). In May, the corresponding balance had reached its lowest value since the start of the series (1972).
Households are once again more numerous to expect a rise in prices: the corresponding balance has increased by 3 points in June and has gained 9 points since March. However, it stands somewhat below its long-term average.
Revision
The synthetic confidence index has been very slightly upscaled for May 2015 (from 93 to 94) owing to the update of the seasonal adjustment coefficients.
graphiquegraph2_english – Balances on personal financial situation and standard of living
graphiquechomage_en – Households' unemployment expectations
graphiqueprix_en – Households' perception of prices
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