In August 2016, households' confidence recovers slightlyMonthly consumer confidence survey - August 2016

In August 2016, households' confidence has recovered slightly: the synthetic confidence index has gained 1 point, reaching 97. It thus stays below its long-term average (100).

Informations rapides
No 223
Paru le : 26/08/2016
Prochaine parution le : 05/01/2018 at 08:45 - December 2017

In August 2016, households' confidence has recovered slightly: the synthetic confidence index has gained 1 point, reaching 97. It thus stays below its long-term average (100).

Personal situation

Past financial situation: increasing markedly

In August, households' opinion of their personal financial situation in the past twelve months has improved significantly: the corresponding balance has gained 7 points and has thereby reached its long-term average. Their opinion of their personal financial situation in the next twelve months is stable for the third consecutive month; it remains below its long-term average.

After an increase in July, the share of households considering it has been a suitable time to make major purchases has declined anew in August (−3 points). However, the corresponding balance stays above its long-term average.

Current saving capacity: improving slightly

After a three-month stability, households' balance of opinion on their current saving capacity has increased slightly and has thus moved above its long-term average. The one concerning their expected saving capacity is virtually stable (+1 point), slightly below its long-term average.

In August, the share of households considering it has been a suitable time to save edged down (−2 points) and has thereby deviated from its long-term average.

graph1_english – Consumer confidence synthetic index

  • Source: INSEE

Tab_eng – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted
CONSUMER OPINION: synthetic index and opinion balances
2016
Av. (1) May June July Aug.
Synthetic index (2) 100 98 97 96 97
Financial sit., past 12 m. –21 –24 –23 –28 –21
Financial sit., next 12 m. –5 –9 –10 –10 –10
Current saving capacity 8 8 8 8 10
Expected saving capacity –9 –11 –9 –11 –10
Savings intentions, next 12 m. 18 –2 1 2 0
Major purchases intentions, next 12 m. –15 –3 –12 –8 –11
Standard of living, past 12 m. –45 –48 –53 –52 –53
Standard of living, next 12 m. –25 –27 –33 –31 –35
Unemployment, next 12 m. 35 21 21 26 34
Consumer prices, past 12 m. –14 –53 –53 –52 –53
Consumer prices, next 12 m. –34 –39 –36 –38 –37
  • (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: expectations faltering

Households' opinion of the future standard of living in France has weakened: the corresponding balance has lost 4 points. The one concerning the past standard of living is virtually stable (−1 point). Both balances remain below their long-term average.

graph2_english – Balances on personal financial situation and standard of living in France

  • Source: INSEE

Unemployment: fears growing again

After reaching in May and June their lowest level since 2008, fears concerning unemployment have risen for the second month in a row (+8 points in August after +5 points in July). The balance now stands just below its long-term average.

chomage_en – Households' unemployment expectations

  • Source: INSEE

Inflation: near stability

In August, households are almost as numerous as in July to consider that prices increased during the past twelve months (−1 point) and that they are likely to increase during the next 12 months (+1 point). The corresponding balances remain below their long-term average.

prix_en – Households' perception of prices

  • Source: INSEE

Documentation

Methodology (pdf, 64 Ko)