In November 2014, households’ confidence rose by 2 pointsMonthly consumer confidence survey - November 2014

In November 2014, households’ confidence increased. The synthetic confidence index gained 2 points, reaching its highest level since last March. It still remained clearly below its long-term average.

Informations rapides
No 269
Paru le : 26/11/2014
Prochaine parution le : 27/09/2017 at 08:45 - September 2017

In November 2014, households’ confidence increased. The synthetic confidence index gained 2 points, reaching its highest level since last March. It still remained clearly below its long-term average.

Personal situation

Financial situation: on the rise

In November, households’ opinion of their future financial situation improved by 2 points, and thus returned to its July level. Their appreciation on their past financial situation was almost stable (–1 point).

The share of households considering it was a suitable time to make major purchases improved markedly (+4 points).

These three balances remained below their long-term average.

Saving capacity: declining slightly

In November, households’ opinion of their future saving capacity continued to decrease slightly (–1 point). Likewise, their opinion of their current saving capacity weakened (–2 points). However, these two balances remained above their long-term average.

Slightly fewer households considered it was an opportune time to save: the corresponding balance lost 2 points in November and remained close to 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
2014
Av. (1) Aug. Sept. Oct. Nov.
Synthetic index (2) 100 86 86 85 87
Financial sit., past 12 m. –19 –33 –31 –32 –33
Financial sit., next 12 m. –4 –20 –20 –20 –18
Current saving capacity 8 14 13 15 13
Expected saving capacity –10 1 –2 –3 –4
Savings intentions, next 12 m. 18 16 17 19 17
Major purchases intentions, next 12 m. –14 –26 –27 –25 –21
Standard of living, past 12 m. –43 –70 –71 –74 –67
Standard of living, next 12 m. –23 –49 –51 –51 –49
Unemployment, next 12 m. 32 62 66 63 65
Consumer prices, past 12 m. –13 –35 –40 –37 –36
Consumer prices, next 12 m. –34 –35 –32 –30 –37
  • (1) Average value between January 1987 and December 2013
  • (2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2013).
  • Source: INSEE, monthly consumer confidence survey

Economic situation in France

Standard of living in France: ramping up markedly

In November, households’ opinion of the past standard of living in France picked up substantially (+7 points), after slipping steadily for five months, thereby reaching its highest level for over two years. Their appreciation on the future standard of living recovered as well (+2 points). Despite these upturns, the two balances remained far below their long-term average.

Unemployment: fears rising slightly

The share of households thinking that unemployment will rise went up slightly: the corresponding balance rose by 2 points. Thus it remained clearly above its long-term average.

Future inflation: dropping significantly

Households were considerably less numerous in November to think prices will increase: the corresponding balance fell by 7 points and thus moved below its long-term average.

The share of households thinking that prices decreased was almost stable (+1 point). The corresponding balance remained clearly below its long-term average.

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)