In April 2017, households' confidence remains stableMonthly consumer confidence survey - April 2017

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

Informations rapides
No 109
Paru le : 26/04/2017
Prochaine parution le : 05/01/2018 at 08:45 - December 2017

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

Graph1 – Consumer confidence synthetic index

  • Source: INSEE

Personal situation

Financial situation: virtually stable

In April, households' opinion on their future financial situation is virtually stable, as the one on their past financial situation. The first balance stays below its long term average, the second one has been at its average level or close to it for five months.

In April, the share of households considering it has been a suitable time to make major purchases has grown by 3 points and has returned to its level of January 2017. Thus, the corresponding balance remains above its long-term average.

Saving capacity: virtually stable

In April, households' opinion on their saving capacity (current and expected) is virtually stable : both balances have increased by 1 point. They stand above their long term average.

The share of households considering it has been a suitable time to save is unchanged compared to last month; the corresponding balance stays clearly 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: slight decrease

In April, households' balance of opinion on the past standard of living in France has lost 2 points and has moved further away from its long term average. The balance of opinion on the future standard of living in France is virtually stable (+1 point). It stands at its highest level since October 2007, slightly above its long term average.

Unemployment: fears retreating

Households' fears concerning unemployment have diminished in April (−4 points) and have reached their lowest level since June 2008. The corresponding balance, clearly above its long term average for six months, keeps deviating from it.

Inflation: balances of opinion decreasing

In April, households are less numerous to expect prices to increase during the next twelve months: the corresponding balance has lost 2 points while staying above its long-term average.

Households are also less numerous to consider that prices were on the rise in the past twelve months: the corresponding balance has lost 3 points. It has remained 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) Jan. 17 Feb. 17 March 17 April 17
Synthetic index (2) 100 100 100 100 100
Financial sit., past 12 m. –21 –22 –22 –21 –20
Financial sit., next 12 m. –5 –5 –6 –8 –9
Current saving capacity 8 8 11 12 13
Expected saving capacity –9 –6 –2 –3 –2
Savings intentions, next 12 m. 18 –1 3 5 5
Major purchases intentions, next 12 m. –14 –4 –1 –7 –4
Standard of living, past 12 m. –45 –49 –49 –49 –51
Standard of living, next 12 m. –25 –25 –24 –24 –23
Unemployment, next 12 m. 35 18 19 19 15
Consumer prices, past 12 m. –16 –44 –46 –45 –48
Consumer prices, next 12 m. –34 –22 –29 –26 –28
  • (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)