In March 2017, households' confidence is stableMonthly consumer confidence survey - March 2017

In March 2017, households' confidence in the economic situation is stable: the synthetic index remains at 100, its long-term average.

Informations rapides
No 85
Paru le : 29/03/2017
Prochaine parution le : 25/08/2017 at 08:45 - August 2017

In March 2017, households' confidence in the economic situation is stable: the synthetic index remains at 100, its long-term average.

Graph1 – Consumer confidence synthetic index

  • Source: INSEE

Personal situation

Expected financial situation: slightly declining

In March, households' opinion on their future financial situation has worsened slightly. The corresponding balance has lost 2 points and stands below its long-term average. Households' balance of opinion on their past financial situation is virtually stable (+1 point), at its long-term average.

In March, the share of households considering it has been a suitable time to make major purchases has fallen sharply (−6 points), after going up by 4 points in February. However, the corresponding balance remains far above its long-term average.

Saving capacity: near stability

In March, households' opinion on their saving capacity has barely changed: the balance on their current saving capacity has increased by one point while the balance on their expected saving capacity has lost one. Both balances are above their long-term average.

Households considering it has been a suitable time to save are slightly more numerous: the corresponding balance has gained 2 points. Despite a three-month growth, it stays far below its long-term average.

Graph2 – Balances on personal financial situation and standard of living in France

  • Source: INSEE

Economic situation in France

Standard of living in France: near stability

In March, households' opinion on the past standard of living in France is almost unchanged: the corresponding balance has gained 1 point but remains below its long-term average. The balance of opinion on the future standard of living in France is also virtually stable (−1 point) and stands at its long-term average.

Unemployment: virtually stable

Households' fears concerning unemployment are virtuallyt stable (+1 point in March). The corresponding balance has been clearly below its long-term average since November 2016.

Expected inflation rising

In March, households are more numerous than in February to expect prices to increase during the next twelve months: the corresponding balance has gained 4 points and has deviated anew from its long-term average.

Households are as numerous as in February to consider that prices were on the rise in the past twelve months. The corresponding balance has been below its long-term average since February 2014.

Graph3 – Households' unemployment expectations

  • Source: INSEE

Graph4 – Households' perception of prices

  • Source: INSEE

Table – CONSUMER OPINION: synthetic index and opinion balances

Balance of responses, seasonally adjusted
CONSUMER OPINION: synthetic index and opinion balances
Avg. (1) Dec. 16 Jan. 17 Feb. 17 Mar. 17
Synthetic index (2) 100 99 100 100 100
Financial sit., past 12 m. –21 –22 –22 –22 –21
Financial sit., next 12 m. –5 –8 –5 –6 –8
Current saving capacity 8 8 8 11 12
Expected saving capacity –9 –6 –6 –2 –3
Savings intentions, next 12 m. 18 –7 –1 3 5
Major purchases intentions, next 12 m. –14 –4 –5 –1 –7
Standard of living, past 12 m. –45 –52 –48 –49 –48
Standard of living, next 12 m. –25 –24 –25 –24 –25
Unemployment, next 12 m. 35 21 19 20 21
Consumer prices, past 12 m. –16 –49 –44 –45 –45
Consumer prices, next 12 m. –34 –29 –22 –29 –25
  • (1) Average value between January 1987 and December 2016
  • (2) This indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987-2016).
  • Source: INSEE, monthly consumer confidence survey

Documentation

Methodology (pdf, 64 Ko)