27 July 2016
2016- n° 197In July 2016, households' confidence decreases again slightly Monthly consumer confidence survey - July 2016
In July 2016, households' confidence has weakened again slightly: for the second consecutive month, the synthetic confidence index has lost 1 point; it reaches 96 in July, thereby remaining below its long-term average (100).
Warning: Answers to this survey were collected between June 28th and July 16th 2016. Only 2% of respondents answered after the 14 July attack in Nice.
In July 2016, households' confidence has weakened again slightly: for the second consecutive month, the synthetic confidence index has lost 1 point; it reaches 96 in July, thereby remaining below its long-term average (100).
Personal situation
Past financial situation: decreasing
In July, households' opinion of their personal financial situation in the past twelve months has decreased: the corresponding balance has lost 4 points and thus has fallen back to its lowest level since August 2015. 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.
After a strong fall in June, the share of households considering it has been a suitable time to make major purchases has grown anew (+4 points). Since January 2015, the balance stands above its long-term average.
Expected saving capacity: virtually stable
In July, households' balance of opinion on their current saving capacity is stable at its long-term average for the fourth consecutive month. The one concerning their expected saving capacity is virtually stable (−1 point), below its long-term average.
In July, the share of households considering it has been a suitable time to save is virtually stable (+1 point), still neatly below its long-term average.
graphiquegraph1_english – Consumer confidence synthetic index
- Source: INSEE
tableauTab_eng – CONSUMER OPINION: synthetic index and opinion balances
| 2016 | |||||
|---|---|---|---|---|---|
| Av. (1) | April | May | June | July | |
| Synthetic index (2) | 100 | 94 | 98 | 97 | 96 |
| Financial sit., past 12 m. | –21 | –26 | –25 | –23 | –27 |
| Financial sit., next 12 m. | –5 | –13 | –9 | –10 | –9 |
| Current saving capacity | 8 | 8 | 8 | 8 | 8 |
| Expected saving capacity | –9 | –9 | –11 | –10 | –11 |
| Savings intentions, next 12 m. | 18 | –4 | –1 | 2 | 3 |
| Major purchases intentions, next 12 m. | –15 | –11 | –3 | –12 | –8 |
| Standard of living, past 12 m. | –45 | –58 | –48 | –53 | –52 |
| Standard of living, next 12 m. | –25 | –37 | –27 | –32 | –31 |
| Unemployment, next 12 m. | 35 | 49 | 20 | 22 | 25 |
| Consumer prices, past 12 m. | –14 | –56 | –53 | –53 | –52 |
| Consumer prices, next 12 m. | –34 | –36 | –39 | –36 | –38 |
- (1) Average value between January 1987 and December 2015
- (2) This indicator is normalised in such a way that its average equals 100 and 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: virtually stable
After a fall in June, households' opinion of the standard of living in France - past and future - is virtually stable. Both balances have grown by 1 point, remaining below their long-term average.
graphiquegraph2_english – Balances on personal financial situation and standard of living in France
- Source: INSEE
Unemployment: fears growing slightly
After reaching in May their lowest level since 2008, fears concerning unemployment have improved in July for the second consecutive month (+3 points after +2 points in June). However, they stay below their long-term average.
graphiquechomage_en – Households' unemployment expectations
- Source: INSEE
Expected inflation: decreasing
In July, households are almost as numerous as in June to consider that prices increased during the past twelve months. Thus, the corresponding balance remains clearly below its long-term average. The share of households considering that prices are likely to increase during the next 12 months has fallen slightly: the balance has lost 2 points and thereby has moved away anew from its long-term average.
graphiqueprix_en – Households' perception of prices
- Source: INSEE
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