27 November 2018

2018- n° 308

In November 2018, households' confidence has declined sharply Monthly consumer confidence survey - November 2018

In November 2018, households' confidence in the economic situation has strongly declined: the synthetic index has lost 3 points and reached 92, its lowest level since February 2015, below its long term average (100).

In November, households' opinion balance concerning their future financial situation has slighty decreased: it has lost 2 points and remains below its long term average. Household's opinion on their past personal situation has remained virtually stable and the corresponding balance still stands below its long term average.

The share of households considering it is a suitable time to make major purchases has clearly declined. The corresponding balance has lost 8 points and is below its long term average for the first time since December 2015.

In November, households' opinion balance on their expected saving capacity has decreased clearly: the corresponding balance has lost 6 points and now stands below its long term average. However, households' opinion balance on their current saving capacity has been virtually stable and remains above its long term average.

The share of households considering it is a suitable time to save has been virtually stable. The corresponding balance remains below its long term average.

In November, the share of households considering that the future standard of living in France will improve in the next twelve months has clearly decreased: the corresponding balance has dropped by 11 points (after increasing by 5 points in October), standing clearly below its long term average.

Households' opinion balance about the past standard of living in France has declined again: it has lost 5 points and moves away its long term average.

Households' fears about the unemployment trend have strongly increased in November: the corresponding balance has gained 21 points and reaches its highest level since November 2016. Nevertheless, it remains below its long term average.

In November, households considering that prices were on the rise during the last twelve months have been more numerous than the previous month: the corresponding balance has gained 3 points and hence stands slightly above its long term average. However, households considering that prices will be on the rise during the next twelve months were not more numerous than last month: the corresponding balance has been almost stable and remains clearly above its long term average.