9 January 2019
2019- n° 2In December 2018, households’ confidence fell again Monthly consumer confidence survey - December 2018
In December 2018, households' confidence in the economic situation has declined sharply: the synthetic index has lost 4 points and reached 87, its lowest level since November 2014, clearly below its long term average (100).
- Personal situation
- Suitable time to make major purchases: clear drop
- Personal financial situation: decreasing sharply
- Expected and current saving capacity: sharp decline
- Economic situation in France
- Past standard of living in France: strong degradation
- Unemployment: fears rising slightly
- Expected inflation: decreasing again
- For more information
In December 2018, households' confidence in the economic situation has declined sharply: the synthetic index has lost 4 points and reached 87, its lowest level since November 2014, clearly below its long term average (100).
tableauConsumer confidence synthetic index
Consumer confidence synthetic index | |
---|---|
2000-01 | 118 |
2000-02 | 118 |
2000-03 | 119 |
2000-04 | 122 |
2000-05 | 122 |
2000-06 | 122 |
2000-07 | 123 |
2000-08 | 121 |
2000-09 | 118 |
2000-10 | 119 |
2000-11 | 119 |
2000-12 | 123 |
2001-01 | 126 |
2001-02 | 124 |
2001-03 | 122 |
2001-04 | 120 |
2001-05 | 116 |
2001-06 | 114 |
2001-07 | 114 |
2001-08 | 112 |
2001-09 | 110 |
2001-10 | 111 |
2001-11 | 112 |
2001-12 | 112 |
2002-01 | 112 |
2002-02 | 111 |
2002-03 | 111 |
2002-04 | 109 |
2002-05 | 112 |
2002-06 | 111 |
2002-07 | 109 |
2002-08 | 108 |
2002-09 | 106 |
2002-10 | 107 |
2002-11 | 108 |
2002-12 | 108 |
2003-01 | 104 |
2003-02 | 102 |
2003-03 | 98 |
2003-04 | 99 |
2003-05 | 101 |
2003-06 | 101 |
2003-07 | 100 |
2003-08 | 100 |
2003-09 | 99 |
2003-10 | 98 |
2003-11 | 98 |
2003-12 | 98 |
2004-01 | 99 |
2004-02 | 98 |
2004-03 | 99 |
2004-04 | 101 |
2004-05 | 100 |
2004-06 | 99 |
2004-07 | 99 |
2004-08 | 100 |
2004-09 | 102 |
2004-10 | 101 |
2004-11 | 100 |
2004-12 | 99 |
2005-01 | 97 |
2005-02 | 99 |
2005-03 | 97 |
2005-04 | 97 |
2005-05 | 95 |
2005-06 | 94 |
2005-07 | 94 |
2005-08 | 93 |
2005-09 | 92 |
2005-10 | 92 |
2005-11 | 92 |
2005-12 | 95 |
2006-01 | 97 |
2006-02 | 98 |
2006-03 | 97 |
2006-04 | 96 |
2006-05 | 95 |
2006-06 | 96 |
2006-07 | 98 |
2006-08 | 98 |
2006-09 | 99 |
2006-10 | 99 |
2006-11 | 99 |
2006-12 | 98 |
2007-01 | 99 |
2007-02 | 99 |
2007-03 | 101 |
2007-04 | 101 |
2007-05 | 108 |
2007-06 | 108 |
2007-07 | 107 |
2007-08 | 104 |
2007-09 | 101 |
2007-10 | 100 |
2007-11 | 94 |
2007-12 | 94 |
2008-01 | 90 |
2008-02 | 90 |
2008-03 | 89 |
2008-04 | 88 |
2008-05 | 85 |
2008-06 | 82 |
2008-07 | 81 |
2008-08 | 82 |
2008-09 | 84 |
2008-10 | 82 |
2008-11 | 83 |
2008-12 | 83 |
2009-01 | 84 |
2009-02 | 84 |
2009-03 | 84 |
2009-04 | 86 |
2009-05 | 86 |
2009-06 | 89 |
2009-07 | 89 |
2009-08 | 89 |
2009-09 | 90 |
2009-10 | 90 |
2009-11 | 93 |
2009-12 | 94 |
2010-01 | 94 |
2010-02 | 92 |
2010-03 | 91 |
2010-04 | 89 |
2010-05 | 88 |
2010-06 | 87 |
2010-07 | 87 |
2010-08 | 89 |
2010-09 | 90 |
2010-10 | 91 |
2010-11 | 93 |
2010-12 | 90 |
2011-01 | 89 |
2011-02 | 89 |
2011-03 | 87 |
2011-04 | 86 |
2011-05 | 87 |
2011-06 | 86 |
2011-07 | 89 |
2011-08 | 86 |
2011-09 | 84 |
2011-10 | 87 |
2011-11 | 84 |
2011-12 | 83 |
2012-01 | 84 |
2012-02 | 85 |
2012-03 | 89 |
2012-04 | 90 |
2012-05 | 92 |
2012-06 | 92 |
2012-07 | 89 |
2012-08 | 86 |
2012-09 | 85 |
2012-10 | 84 |
2012-11 | 84 |
2012-12 | 86 |
2013-01 | 85 |
2013-02 | 86 |
2013-03 | 83 |
2013-04 | 84 |
2013-05 | 80 |
2013-06 | 79 |
2013-07 | 83 |
2013-08 | 85 |
2013-09 | 86 |
2013-10 | 87 |
2013-11 | 84 |
2013-12 | 85 |
2014-01 | 86 |
2014-02 | 85 |
2014-03 | 88 |
2014-04 | 85 |
2014-05 | 85 |
2014-06 | 86 |
2014-07 | 87 |
2014-08 | 86 |
2014-09 | 86 |
2014-10 | 86 |
2014-11 | 87 |
2014-12 | 90 |
2015-01 | 90 |
2015-02 | 92 |
2015-03 | 94 |
2015-04 | 95 |
2015-05 | 93 |
2015-06 | 94 |
2015-07 | 93 |
2015-08 | 94 |
2015-09 | 97 |
2015-10 | 96 |
2015-11 | 96 |
2015-12 | 96 |
2016-01 | 97 |
2016-02 | 96 |
2016-03 | 95 |
2016-04 | 94 |
2016-05 | 98 |
2016-06 | 97 |
2016-07 | 95 |
2016-08 | 96 |
2016-09 | 97 |
2016-10 | 98 |
2016-11 | 99 |
2016-12 | 99 |
2017-01 | 100 |
2017-02 | 101 |
2017-03 | 101 |
2017-04 | 100 |
2017-05 | 102 |
2017-06 | 108 |
2017-07 | 104 |
2017-08 | 103 |
2017-09 | 101 |
2017-10 | 100 |
2017-11 | 103 |
2017-12 | 105 |
2018-01 | 105 |
2018-02 | 100 |
2018-03 | 101 |
2018-04 | 101 |
2018-05 | 99 |
2018-06 | 97 |
2018-07 | 97 |
2018-08 | 96 |
2018-09 | 94 |
2018-10 | 94 |
2018-11 | 91 |
2018-12 | 87 |
graphiqueConsumer confidence synthetic index
Personal situation
Suitable time to make major purchases: clear drop
In December, the share of households considering it is a suitable time to make major purchases has decreased clearly again. The corresponding balance has lost 15 points and reached its lowest level since June 2013, clearly below its long term average.
Personal financial situation: decreasing sharply
Households’ opinion balance on their past personal situation has declined sharply: it has lost 5 points and remains below its long term average. Similarly, households’ opinion balance on their future financial situation has decreased again: it has lost 3 points and remains below its long term average.
Expected and current saving capacity: sharp decline
In December, households’ opinion balance on their saving capacity has declined sharply: the balance corresponding to current saving capacity has lost 5 points; that of excepted saving capacity has lost 7 points. These two balances remain below their long term average.
The share of households considering it is a suitable time to save also decreased strongly: the corresponding balance has lost 9 points and remains below its long term average.
tableauBalances on personal financial situation and standard of living in France
Standard of living, future | Standard of living, past | Financial situation, future | Financial situation, past | |
---|---|---|---|---|
2010-01 | -32 | -62 | -9 | -24 |
2010-02 | -34 | -67 | -12 | -27 |
2010-03 | -40 | -69 | -13 | -26 |
2010-04 | -46 | -69 | -16 | -27 |
2010-05 | -52 | -69 | -19 | -27 |
2010-06 | -55 | -71 | -19 | -27 |
2010-07 | -49 | -71 | -19 | -30 |
2010-08 | -43 | -66 | -18 | -29 |
2010-09 | -42 | -64 | -18 | -28 |
2010-10 | -40 | -64 | -15 | -28 |
2010-11 | -38 | -64 | -11 | -23 |
2010-12 | -42 | -68 | -16 | -26 |
2011-01 | -44 | -70 | -18 | -26 |
2011-02 | -46 | -67 | -18 | -27 |
2011-03 | -51 | -69 | -23 | -29 |
2011-04 | -56 | -71 | -21 | -31 |
2011-05 | -49 | -68 | -20 | -31 |
2011-06 | -48 | -68 | -21 | -33 |
2011-07 | -42 | -67 | -18 | -31 |
2011-08 | -56 | -71 | -23 | -30 |
2011-09 | -55 | -75 | -24 | -31 |
2011-10 | -51 | -73 | -21 | -29 |
2011-11 | -59 | -74 | -25 | -30 |
2011-12 | -57 | -74 | -30 | -32 |
2012-01 | -54 | -73 | -27 | -32 |
2012-02 | -49 | -73 | -26 | -32 |
2012-03 | -40 | -68 | -19 | -29 |
2012-04 | -38 | -66 | -16 | -29 |
2012-05 | -30 | -65 | -16 | -26 |
2012-06 | -30 | -68 | -16 | -27 |
2012-07 | -43 | -69 | -19 | -27 |
2012-08 | -51 | -72 | -19 | -29 |
2012-09 | -57 | -75 | -21 | -29 |
2012-10 | -60 | -73 | -25 | -29 |
2012-11 | -55 | -73 | -25 | -31 |
2012-12 | -54 | -69 | -23 | -29 |
2013-01 | -58 | -69 | -25 | -28 |
2013-02 | -56 | -71 | -24 | -27 |
2013-03 | -61 | -75 | -26 | -29 |
2013-04 | -62 | -76 | -25 | -28 |
2013-05 | -63 | -79 | -26 | -37 |
2013-06 | -66 | -80 | -27 | -35 |
2013-07 | -57 | -77 | -24 | -34 |
2013-08 | -50 | -73 | -22 | -33 |
2013-09 | -46 | -72 | -20 | -33 |
2013-10 | -45 | -69 | -18 | -35 |
2013-11 | -54 | -75 | -19 | -34 |
2013-12 | -50 | -73 | -22 | -34 |
2014-01 | -47 | -71 | -19 | -35 |
2014-02 | -52 | -72 | -20 | -34 |
2014-03 | -47 | -69 | -19 | -29 |
2014-04 | -45 | -70 | -27 | -32 |
2014-05 | -50 | -70 | -22 | -33 |
2014-06 | -48 | -69 | -20 | -36 |
2014-07 | -49 | -70 | -17 | -32 |
2014-08 | -47 | -70 | -20 | -33 |
2014-09 | -51 | -71 | -20 | -30 |
2014-10 | -50 | -74 | -20 | -31 |
2014-11 | -48 | -68 | -17 | -33 |
2014-12 | -44 | -66 | -16 | -27 |
2015-01 | -42 | -67 | -17 | -29 |
2015-02 | -37 | -61 | -15 | -27 |
2015-03 | -34 | -59 | -13 | -27 |
2015-04 | -35 | -58 | -12 | -24 |
2015-05 | -34 | -58 | -13 | -27 |
2015-06 | -35 | -58 | -12 | -27 |
2015-07 | -36 | -58 | -12 | -29 |
2015-08 | -33 | -57 | -12 | -29 |
2015-09 | -28 | -52 | -6 | -26 |
2015-10 | -30 | -54 | -10 | -24 |
2015-11 | -31 | -54 | -10 | -24 |
2015-12 | -32 | -54 | -7 | -26 |
2016-01 | -26 | -56 | -9 | -24 |
2016-02 | -32 | -56 | -10 | -24 |
2016-03 | -35 | -56 | -12 | -24 |
2016-04 | -37 | -57 | -13 | -25 |
2016-05 | -28 | -48 | -10 | -25 |
2016-06 | -33 | -53 | -10 | -23 |
2016-07 | -32 | -53 | -10 | -28 |
2016-08 | -34 | -54 | -10 | -22 |
2016-09 | -29 | -54 | -9 | -23 |
2016-10 | -28 | -53 | -7 | -23 |
2016-11 | -24 | -49 | -8 | -24 |
2016-12 | -25 | -51 | -8 | -22 |
2017-01 | -26 | -49 | -5 | -22 |
2017-02 | -22 | -48 | -5 | -22 |
2017-03 | -23 | -47 | -7 | -20 |
2017-04 | -23 | -51 | -10 | -19 |
2017-05 | -17 | -45 | -6 | -19 |
2017-06 | 1 | -38 | -3 | -14 |
2017-07 | -11 | -39 | -11 | -17 |
2017-08 | -20 | -40 | -10 | -17 |
2017-09 | -21 | -41 | -11 | -21 |
2017-10 | -24 | -40 | -16 | -22 |
2017-11 | -17 | -39 | -10 | -19 |
2017-12 | -15 | -31 | -9 | -17 |
2018-01 | -18 | -33 | -12 | -16 |
2018-02 | -24 | -36 | -18 | -22 |
2018-03 | -24 | -38 | -12 | -24 |
2018-04 | -23 | -36 | -11 | -26 |
2018-05 | -28 | -40 | -13 | -25 |
2018-06 | -32 | -44 | -13 | -27 |
2018-07 | -31 | -46 | -11 | -28 |
2018-08 | -29 | -47 | -12 | -30 |
2018-09 | -36 | -50 | -17 | -30 |
2018-10 | -31 | -52 | -16 | -30 |
2018-11 | -42 | -58 | -19 | -28 |
2018-12 | -42 | -66 | -22 | -33 |
graphiqueBalances on personal financial situation and standard of living in France
tableauCONSUMER OPINION: synthetic index and opinion balances
Avg. (1) | September 18 | October 18 | November 18 | December 18 | |
---|---|---|---|---|---|
Synthetic index (2) | 100 | 94 | 94 | 91 | 87 |
Financial sit., past 12 m. | -21 | -30 | -30 | -28 | -33 |
Financial sit., next 12 m. | -6 | -17 | -16 | -19 | -22 |
Current saving capacity | 8 | 10 | 12 | 11 | 6 |
Expected saving capacity | -9 | -9 | -9 | -14 | -21 |
Savings intentions, next 12 m. | 17 | 5 | 4 | 4 | -5 |
Major purchases intentions, next 12 m. | -14 | -8 | -9 | -17 | -32 |
Standard of living, past 12 m. | -45 | -50 | -52 | -58 | -66 |
Standard of living, next 12 m. | -25 | -36 | -31 | -42 | -42 |
Unemployment, next 12 m. | 33 | 20 | 7 | 28 | 31 |
Consumer prices, past 12 m. | -17 | -15 | -14 | -11 | -11 |
Consumer prices, next 12 m. | -33 | -17 | -15 | -12 | -25 |
- (1) Average value between January 1987 and December 2018
- (2) The indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987–2018).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Past standard of living in France: strong degradation
In December, the share of households considering that the past standard of living in France improved during the past twelve months has declined clearly again: the corresponding balance has lost 8 points, standing below its long term average.
Households’ opinion balance about the future standard of living in France was stable but remains clearly below its long term average.
Unemployment: fears rising slightly
Households' fears about the unemployment trend have increased again in December: the corresponding balance has gained 3 points (against 21 points in November). It remains below its long term average.
Expected inflation: decreasing again
In December, households considering that prices will be on the rise during the next twelve months have been clearly less numerous than the previous month: the corresponding balance has lost 13 points but remains above its long term average. However, the balance related to the evolution of past prices was stable. It remains above its long term average.
tableauHouseholds' unemployment expectations
Households' unemployment expectations | |
---|---|
2010-01 | 55 |
2010-02 | 49 |
2010-03 | 58 |
2010-04 | 57 |
2010-05 | 58 |
2010-06 | 65 |
2010-07 | 59 |
2010-08 | 46 |
2010-09 | 31 |
2010-10 | 35 |
2010-11 | 35 |
2010-12 | 34 |
2011-01 | 37 |
2011-02 | 41 |
2011-03 | 33 |
2011-04 | 35 |
2011-05 | 27 |
2011-06 | 29 |
2011-07 | 37 |
2011-08 | 51 |
2011-09 | 57 |
2011-10 | 49 |
2011-11 | 61 |
2011-12 | 59 |
2012-01 | 57 |
2012-02 | 56 |
2012-03 | 52 |
2012-04 | 55 |
2012-05 | 43 |
2012-06 | 53 |
2012-07 | 65 |
2012-08 | 73 |
2012-09 | 73 |
2012-10 | 73 |
2012-11 | 70 |
2012-12 | 74 |
2013-01 | 72 |
2013-02 | 73 |
2013-03 | 77 |
2013-04 | 74 |
2013-05 | 78 |
2013-06 | 78 |
2013-07 | 61 |
2013-08 | 56 |
2013-09 | 51 |
2013-10 | 38 |
2013-11 | 62 |
2013-12 | 48 |
2014-01 | 56 |
2014-02 | 55 |
2014-03 | 55 |
2014-04 | 57 |
2014-05 | 60 |
2014-06 | 67 |
2014-07 | 67 |
2014-08 | 62 |
2014-09 | 67 |
2014-10 | 52 |
2014-11 | 66 |
2014-12 | 66 |
2015-01 | 66 |
2015-02 | 58 |
2015-03 | 44 |
2015-04 | 61 |
2015-05 | 61 |
2015-06 | 60 |
2015-07 | 58 |
2015-08 | 49 |
2015-09 | 44 |
2015-10 | 47 |
2015-11 | 36 |
2015-12 | 45 |
2016-01 | 36 |
2016-02 | 45 |
2016-03 | 39 |
2016-04 | 52 |
2016-05 | 24 |
2016-06 | 25 |
2016-07 | 28 |
2016-08 | 32 |
2016-09 | 28 |
2016-10 | 31 |
2016-11 | 28 |
2016-12 | 19 |
2017-01 | 19 |
2017-02 | 20 |
2017-03 | 21 |
2017-04 | 17 |
2017-05 | 21 |
2017-06 | 6 |
2017-07 | 9 |
2017-08 | -3 |
2017-09 | 14 |
2017-10 | 13 |
2017-11 | 5 |
2017-12 | 7 |
2018-01 | 3 |
2018-02 | 5 |
2018-03 | 4 |
2018-04 | 6 |
2018-05 | 2 |
2018-06 | 16 |
2018-07 | 14 |
2018-08 | 22 |
2018-09 | 20 |
2018-10 | 7 |
2018-11 | 28 |
2018-12 | 31 |
graphiqueHouseholds' unemployment expectations
tableauHouseholds' perception of prices
Past prices | Future prices | |
---|---|---|
2010-01 | -14 | -41 |
2010-02 | -19 | -41 |
2010-03 | -19 | -39 |
2010-04 | -10 | -34 |
2010-05 | -11 | -28 |
2010-06 | -10 | -29 |
2010-07 | -6 | -27 |
2010-08 | -4 | -24 |
2010-09 | -2 | -29 |
2010-10 | 0 | -25 |
2010-11 | 3 | -25 |
2010-12 | 9 | -22 |
2011-01 | 18 | -19 |
2011-02 | 25 | -9 |
2011-03 | 30 | 6 |
2011-04 | 46 | 0 |
2011-05 | 40 | -13 |
2011-06 | 33 | -14 |
2011-07 | 32 | -18 |
2011-08 | 27 | -18 |
2011-09 | 25 | -20 |
2011-10 | 22 | -23 |
2011-11 | 20 | -15 |
2011-12 | 19 | -16 |
2012-01 | 21 | -17 |
2012-02 | 23 | -11 |
2012-03 | 22 | -21 |
2012-04 | 27 | -20 |
2012-05 | 12 | -32 |
2012-06 | 12 | -34 |
2012-07 | -2 | -25 |
2012-08 | -1 | -16 |
2012-09 | 3 | -13 |
2012-10 | -1 | -15 |
2012-11 | -4 | -14 |
2012-12 | -7 | -19 |
2013-01 | -8 | -19 |
2013-02 | -10 | -22 |
2013-03 | -10 | -14 |
2013-04 | -13 | -20 |
2013-05 | -16 | -17 |
2013-06 | -11 | -19 |
2013-07 | -8 | -17 |
2013-08 | -3 | -21 |
2013-09 | 4 | -24 |
2013-10 | -8 | -21 |
2013-11 | -8 | -23 |
2013-12 | -8 | -17 |
2014-01 | -15 | -16 |
2014-02 | -19 | -22 |
2014-03 | -23 | -27 |
2014-04 | -24 | -29 |
2014-05 | -23 | -26 |
2014-06 | -28 | -31 |
2014-07 | -31 | -31 |
2014-08 | -35 | -36 |
2014-09 | -40 | -33 |
2014-10 | -38 | -28 |
2014-11 | -38 | -36 |
2014-12 | -46 | -43 |
2015-01 | -50 | -46 |
2015-02 | -51 | -45 |
2015-03 | -53 | -47 |
2015-04 | -51 | -43 |
2015-05 | -56 | -40 |
2015-06 | -54 | -38 |
2015-07 | -52 | -37 |
2015-08 | -50 | -36 |
2015-09 | -52 | -41 |
2015-10 | -51 | -41 |
2015-11 | -50 | -40 |
2015-12 | -51 | -39 |
2016-01 | -52 | -42 |
2016-02 | -56 | -39 |
2016-03 | -57 | -37 |
2016-04 | -57 | -37 |
2016-05 | -53 | -38 |
2016-06 | -53 | -35 |
2016-07 | -51 | -37 |
2016-08 | -51 | -35 |
2016-09 | -45 | -34 |
2016-10 | -52 | -38 |
2016-11 | -53 | -39 |
2016-12 | -49 | -29 |
2017-01 | -44 | -24 |
2017-02 | -47 | -30 |
2017-03 | -46 | -26 |
2017-04 | -49 | -27 |
2017-05 | -56 | -34 |
2017-06 | -55 | -40 |
2017-07 | -53 | -31 |
2017-08 | -54 | -32 |
2017-09 | -54 | -30 |
2017-10 | -50 | -24 |
2017-11 | -46 | -28 |
2017-12 | -48 | -35 |
2018-01 | -42 | -16 |
2018-02 | -35 | -19 |
2018-03 | -38 | -24 |
2018-04 | -37 | -25 |
2018-05 | -30 | -18 |
2018-06 | -25 | -20 |
2018-07 | -25 | -20 |
2018-08 | -25 | -21 |
2018-09 | -15 | -17 |
2018-10 | -14 | -15 |
2018-11 | -11 | -12 |
2018-12 | -11 | -25 |
graphiqueHouseholds' perception of prices
For more information
Definition – The synthetic households’ confidence index summarizes households’ opinion on the economic situation: the higher its value, the more favorable households’ judgement of the economic situation is. It is calculated using a factor analysis technique, which enables to summarize concomitant movements of highly correlated variables. The index describes here the common factor of 8 balances of opinion: past and future general economic situation in France, past and future personal financial situation, unemployment, major purchases intentions, current savings capacity and expected savings capacity
Calculation method – Around 2,000 households are surveyed by telephone, during the first three weeks of each month. Answers to this survey were collected between 28 November and 18 December 2018.For each question, a balance of opinion is calculated as the difference between the percentages of positive and negative answers. Since the level of these balances is not open to direct interpretation, comments are based on their changes and their distance to their long–term average. Seasonal coefficients are calculated again every month, hence the slight revision of the seasonal adjusted balances history at each publication. Moreover, long term averages and seasonal coefficient models have been updated for this publication, thanks to the integration of a complete year of additional data.