28 June 2016
2016- n° 167In June 2016, households' confidence falters slightly Monthly consumer confidence survey - June 2016
In June 2016, households' confidence has faltered slightly: the synthetic confidence index has lost 1 point and stands at 97. Last month, it had hit its highest level since October 2007, without, however, reaching its long-term average (100).
In June 2016, households' confidence has faltered slightly: the synthetic confidence index has lost 1 point and stands at 97. Last month, it had hit its highest level since October 2007, without, however, reaching its long-term average (100).
Personal situation
Past financial situation: slight rise
In June, households' opinion of their personal financial situation in the past twelve months has improved slightly: the corresponding balance has gained 2 points, after a four-month stability. Their opinion of their personal financial situation in the next twelve months is virtually stable (−1 point). Both balances stand below their long-term average.
In June, the share of households considering it has been a suitable time to make major purchases has fallen markedly: the balance has lost 9 points, after a rise of a similar magnitude in May. It stands however above its long-term average.
Expected saving capacity: slight improvement
In June, households' balance of opinion on their current saving capacity is stable at its long-term average for the third consecutive month. The one concerning their expected saving capacity has picked up slightly (+2 points), and is thus back to its long-term average.
In June, the share of households considering it has been a suitable time to save has continued to increase: the corresponding balance has gained 4 points. This balance remains nevertheless largely inferior to its long-term average.
graphiquegraph1_english – Consumer confidence synthetic index
- Source: INSEE
tableauTab_eng – CONSUMER OPINION: synthetic index and opinion balances
| 2016 | |||||
|---|---|---|---|---|---|
| Av. (1) | March | April | May | June | |
| Synthetic index (2) | 100 | 94 | 94 | 98 | 97 |
| Financial sit., past 12 m. | –21 | –25 | –25 | –25 | –23 |
| Financial sit., next 12 m. | –5 | –13 | –13 | –9 | –10 |
| Current saving capacity | 8 | 6 | 8 | 8 | 8 |
| Expected saving capacity | –9 | –10 | –9 | –11 | –9 |
| Savings intentions, next 12 m. | 18 | –2 | –4 | –2 | 2 |
| Major purchases intentions, next 12 m. | –15 | –12 | –11 | –3 | –12 |
| Standard of living, past 12 m. | –45 | –57 | –58 | –48 | –52 |
| Standard of living, next 12 m. | –25 | –37 | –37 | –27 | –33 |
| Unemployment, next 12 m. | 35 | 38 | 49 | 22 | 21 |
| Consumer prices, past 12 m. | –14 | –56 | –57 | –53 | –53 |
| Consumer prices, next 12 m. | –34 | –36 | –36 | –39 | –36 |
- (1) Average value between January 1987 and December 2015
- (2) This indicator is normalised in such a way that its average equals 100 and its standard error equals 10 over the estimation period (1987-2015).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Standard of living in France: renewed pessimism
Following a significant improvement in May in the opinion on the standard of living in France, the past as well as the expected one, households have turned more pessimistic in June: the balance on the past standard of living in France has lost 4 points, the one on the standard of living in the next twelve months has lost 6 points. Both balances were already below their long-term average in May and have thus deviated further from it.
graphiquegraph2_english – Balances on personal financial situation and standard of living in France
- Source: INSEE
Unemployment: fears almost unchanged
After a strong decrease in the fears concerning unemployment in May, households' opinion remains virtually unchanged in June: the corresponding balance has lost 1 point. It stands at its lowest level since June 2008, below its long-term average.
graphiquechomage_en – Households' unemployment expectations
- Source: INSEE
Perceived inflation: stability
In June, households are as numerous as in May to consider that prices decreased during the past twelve months. The corresponding balance thus remains clearly below its long-term average. The share of households considering that prices are likely to increase during the next 12 months has grown: the balance has gained 3 points and thereby has come closer to its long-term average.
graphiqueprix_en – Households' perception of prices
- Source: INSEE
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