In June 2015, households’ confidence is stableMonthly 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).

Informations rapides
No 156
Paru le : 26/06/2015
Prochaine parution le : 28/11/2017 at 08:45 - November 2017

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.

graph1_english – Consumer confidence synthetic index

Tab_eng – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted
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.

graph2_english – Balances on personal financial situation and standard of living

chomage_en – Households' unemployment expectations

prix_en – Households' perception of prices

Documentation

Methodology (pdf, 64 Ko)