26 February 2019
2019In February 2019, households’ confidence has climbed again Monthly consumer confidence survey - February 2019
In February 2019, households’ confidence in the economic situation increased again.The synthetic index has gained 3 points and reached 95. It remains however below its long term average (100).
- Personal situation
- Personal financial situation: improving slightly
- Saving capacity and suitable time to save: increasing again
- Economic situation in France
- Future standard of living in France: still increasing
- Unemployment: fears decreasing sharply
- Expected inflation: clear rise
- Revision
- For more information
In February 2019, households’ confidence in the economic situation increased again.The synthetic index has gained 3 points and reached 95. It remains however 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 | 89 |
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 | 95 |
2016-03 | 95 |
2016-04 | 94 |
2016-05 | 98 |
2016-06 | 97 |
2016-07 | 95 |
2016-08 | 97 |
2016-09 | 98 |
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 | 104 |
2017-09 | 102 |
2017-10 | 100 |
2017-11 | 103 |
2017-12 | 105 |
2018-01 | 105 |
2018-02 | 100 |
2018-03 | 100 |
2018-04 | 100 |
2018-05 | 99 |
2018-06 | 97 |
2018-07 | 97 |
2018-08 | 97 |
2018-09 | 94 |
2018-10 | 95 |
2018-11 | 92 |
2018-12 | 86 |
2019-01 | 92 |
2019-02 | 95 |
graphiqueConsumer confidence synthetic index

- Source: INSEE.
Personal situation
Personal financial situation: improving slightly
In February, households’ opinion balance on their past personal situation has risen again: it has gained 4 points but still remains below its long term average.
Saving capacity and suitable time to save: increasing again
In February, households’ opinion balance on their saving capacity has improved again. The expected saving capacity balance has gained 4 points, while the one about their current saving capacity has gained 2. These two balances now stand above their long term average.
The share of households considering it is a suitable time to save has also increased: the corresponding balance has gained 3 points, remaining however well 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 | -69 | -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 | -53 | -75 | -19 | -34 |
2013-12 | -50 | -73 | -22 | -34 |
2014-01 | -48 | -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 | -23 | -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 | -73 | -20 | -31 |
2014-11 | -48 | -68 | -17 | -33 |
2014-12 | -44 | -67 | -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 | -53 | -10 | -24 |
2015-12 | -32 | -54 | -7 | -26 |
2016-01 | -27 | -56 | -9 | -24 |
2016-02 | -32 | -56 | -10 | -24 |
2016-03 | -36 | -57 | -13 | -25 |
2016-04 | -37 | -58 | -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 | -28 | -54 | -9 | -23 |
2016-10 | -28 | -53 | -7 | -23 |
2016-11 | -25 | -48 | -7 | -24 |
2016-12 | -25 | -52 | -8 | -22 |
2017-01 | -27 | -48 | -5 | -22 |
2017-02 | -23 | -49 | -6 | -22 |
2017-03 | -23 | -47 | -8 | -21 |
2017-04 | -23 | -52 | -10 | -20 |
2017-05 | -17 | -46 | -6 | -19 |
2017-06 | 1 | -38 | -3 | -14 |
2017-07 | -10 | -39 | -11 | -17 |
2017-08 | -19 | -40 | -9 | -17 |
2017-09 | -20 | -41 | -10 | -21 |
2017-10 | -23 | -39 | -15 | -21 |
2017-11 | -17 | -38 | -10 | -19 |
2017-12 | -15 | -32 | -10 | -17 |
2018-01 | -19 | -32 | -12 | -16 |
2018-02 | -25 | -36 | -19 | -23 |
2018-03 | -25 | -39 | -12 | -24 |
2018-04 | -22 | -37 | -12 | -26 |
2018-05 | -28 | -40 | -13 | -25 |
2018-06 | -32 | -45 | -13 | -27 |
2018-07 | -31 | -46 | -11 | -28 |
2018-08 | -28 | -46 | -12 | -29 |
2018-09 | -35 | -49 | -16 | -30 |
2018-10 | -31 | -51 | -16 | -29 |
2018-11 | -43 | -57 | -18 | -28 |
2018-12 | -42 | -67 | -23 | -33 |
2019-01 | -32 | -64 | -14 | -29 |
2019-02 | -30 | -58 | -13 | -25 |
graphiqueBalances on personal financial situation and standard of living in France

- Source: INSEE.
tableauCONSUMER OPINION: synthetic index and opinion balances
Avg. (1) | November 18 | December 18 | January 19 | February 19 | |
---|---|---|---|---|---|
Synthetic index (2) | 100 | 92 | 86 | 92 | 95 |
Financial sit., past 12 m. | -21 | -28 | -33 | -29 | -25 |
Financial sit., next 12 m. | -6 | -18 | -23 | -14 | -13 |
Current saving capacity | 8 | 11 | 6 | 7 | 9 |
Expected saving capacity | -9 | -13 | -20 | -12 | -8 |
Savings intentions, next 12 m. | 17 | 5 | -5 | -1 | 2 |
Major purchases intentions, next 12 m. | -14 | -16 | -32 | -22 | -22 |
Standard of living, past 12 m. | -45 | -57 | -67 | -64 | -58 |
Standard of living, next 12 m. | -25 | -43 | -42 | -32 | -30 |
Unemployment, next 12 m. | 33 | 27 | 30 | 32 | 12 |
Consumer prices, past 12 m. | -17 | -11 | -11 | -33 | -30 |
Consumer prices, next 12 m. | -33 | -11 | -23 | -40 | -19 |
- (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
Future standard of living in France: still increasing
In February, the share of households considering that the past standard of living in France has increased during the past twelve months has risen again: the corresponding balance has gained 6 points, although remaining below its long term average.
Households’ opinion balance about the future standard of living in France has also increased although to a lesser extent (+2 points after gaining 10 points in January). It remains below its long term average too.
Unemployment: fears decreasing sharply
Households' fears about the unemployment trend have decreased sharply in February: the corresponding balance has lost 20 points (after 3 consecutive months of increase). It is now well below its long term average.
Expected inflation: clear rise
In February, households considering that prices will be on the rise during the next twelve months have been clearly more numerous than the previous month: the corresponding balance has gained 21 points. It thus exceeds its long term average. Households are slightly more numerous than the previous month to consider that prices were on the rise during the last twelve months: the corresponding balance has gained 3 points (after losing 22 points in January) but remains below 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 | 34 |
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 | 37 |
2013-11 | 62 |
2013-12 | 48 |
2014-01 | 55 |
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 | 65 |
2015-01 | 66 |
2015-02 | 58 |
2015-03 | 44 |
2015-04 | 61 |
2015-05 | 61 |
2015-06 | 61 |
2015-07 | 58 |
2015-08 | 50 |
2015-09 | 44 |
2015-10 | 47 |
2015-11 | 35 |
2015-12 | 45 |
2016-01 | 36 |
2016-02 | 45 |
2016-03 | 40 |
2016-04 | 53 |
2016-05 | 24 |
2016-06 | 26 |
2016-07 | 28 |
2016-08 | 33 |
2016-09 | 28 |
2016-10 | 30 |
2016-11 | 27 |
2016-12 | 19 |
2017-01 | 18 |
2017-02 | 20 |
2017-03 | 22 |
2017-04 | 18 |
2017-05 | 21 |
2017-06 | 6 |
2017-07 | 9 |
2017-08 | -2 |
2017-09 | 14 |
2017-10 | 12 |
2017-11 | 3 |
2017-12 | 6 |
2018-01 | 1 |
2018-02 | 5 |
2018-03 | 6 |
2018-04 | 7 |
2018-05 | 3 |
2018-06 | 17 |
2018-07 | 15 |
2018-08 | 22 |
2018-09 | 19 |
2018-10 | 6 |
2018-11 | 27 |
2018-12 | 30 |
2019-01 | 32 |
2019-02 | 12 |
graphiqueHouseholds' unemployment expectations

- Source: INSEE.
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 | -16 |
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 | -25 |
2013-10 | -8 | -21 |
2013-11 | -8 | -22 |
2013-12 | -8 | -17 |
2014-01 | -14 | -16 |
2014-02 | -19 | -22 |
2014-03 | -23 | -28 |
2014-04 | -24 | -29 |
2014-05 | -23 | -26 |
2014-06 | -28 | -31 |
2014-07 | -31 | -31 |
2014-08 | -35 | -37 |
2014-09 | -40 | -33 |
2014-10 | -38 | -28 |
2014-11 | -38 | -36 |
2014-12 | -46 | -43 |
2015-01 | -50 | -45 |
2015-02 | -51 | -45 |
2015-03 | -53 | -48 |
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 | -50 | -41 |
2015-11 | -50 | -39 |
2015-12 | -51 | -39 |
2016-01 | -52 | -41 |
2016-02 | -56 | -40 |
2016-03 | -57 | -38 |
2016-04 | -57 | -37 |
2016-05 | -53 | -39 |
2016-06 | -53 | -35 |
2016-07 | -51 | -37 |
2016-08 | -51 | -35 |
2016-09 | -45 | -34 |
2016-10 | -52 | -38 |
2016-11 | -53 | -38 |
2016-12 | -48 | -29 |
2017-01 | -44 | -24 |
2017-02 | -47 | -31 |
2017-03 | -46 | -26 |
2017-04 | -49 | -28 |
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 | -26 |
2017-12 | -47 | -34 |
2018-01 | -41 | -15 |
2018-02 | -36 | -20 |
2018-03 | -38 | -25 |
2018-04 | -37 | -26 |
2018-05 | -30 | -18 |
2018-06 | -25 | -19 |
2018-07 | -25 | -21 |
2018-08 | -26 | -21 |
2018-09 | -15 | -16 |
2018-10 | -14 | -14 |
2018-11 | -11 | -11 |
2018-12 | -11 | -23 |
2019-01 | -33 | -40 |
2019-02 | -30 | -19 |
graphiqueHouseholds' perception of prices

- Source: INSEE.
Revision
Due to the updating of the seasonal adjustment coefficients, the synthetic index of January 2019 was revised downwards by one point: it now stands at 92.
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 January29 and February16 2019.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.
Next publication: March 27 at 8:45 am