28 May 2019
2019- n° 137In May 2019, households’ confidence has increased Monthly consumer confidence survey - May 2019
In May 2019, households’ confidence in the economic situation has clearly increased : the synthetic index has gained 3 points. At 99, it almost returns to its long term average (100).
In May 2019, households’ confidence in the economic situation has clearly increased : the synthetic index has gained 3 points. At 99, it almost returns to 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 | 99 |
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 | 93 |
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 | 97 |
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 | 101 |
2017-06 | 108 |
2017-07 | 104 |
2017-08 | 103 |
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 | 87 |
2019-01 | 92 |
2019-02 | 95 |
2019-03 | 96 |
2019-04 | 96 |
2019-05 | 99 |
graphiqueConsumer confidence synthetic index
Personal situation
Personal financial situation: clear improvement
In May, households’ opinion balance on their future personal situation continued to improve: it has gained 3 points and now stands above its long term average. Households’ opinion balance regarding their past financial situation has improved as well: it has gained 2 points but remains below its long term average.
The share of households considering it is a suitable time to make major purchases has increased again. The corresponding balance has gained 2 points and now stands above its long term average.
Saving capacity: slight increase
In May, households’ opinion balance on their saving capacity has improved slightly. Indeed, the expected saving capacity balance has gained 2 points while the current one has gained 1 point. Both balances now stand above their long term average.
The share of households considering it is a suitable time to save has been virtually stable 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 | -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 | -14 | -27 |
2015-06 | -35 | -58 | -12 | -27 |
2015-07 | -36 | -59 | -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 | -31 | -54 | -7 | -26 |
2016-01 | -27 | -56 | -9 | -24 |
2016-02 | -32 | -56 | -10 | -24 |
2016-03 | -35 | -57 | -12 | -24 |
2016-04 | -36 | -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 | -25 | -48 | -7 | -24 |
2016-12 | -24 | -52 | -8 | -22 |
2017-01 | -26 | -49 | -5 | -22 |
2017-02 | -23 | -48 | -5 | -22 |
2017-03 | -23 | -48 | -7 | -20 |
2017-04 | -22 | -52 | -10 | -19 |
2017-05 | -17 | -46 | -6 | -20 |
2017-06 | 1 | -39 | -4 | -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 | -24 | -36 | -18 | -23 |
2018-03 | -24 | -40 | -12 | -24 |
2018-04 | -22 | -37 | -11 | -26 |
2018-05 | -29 | -40 | -14 | -25 |
2018-06 | -32 | -45 | -14 | -27 |
2018-07 | -31 | -46 | -12 | -28 |
2018-08 | -29 | -46 | -12 | -29 |
2018-09 | -36 | -49 | -16 | -30 |
2018-10 | -31 | -51 | -16 | -29 |
2018-11 | -43 | -57 | -17 | -28 |
2018-12 | -42 | -67 | -22 | -33 |
2019-01 | -31 | -64 | -14 | -28 |
2019-02 | -29 | -57 | -12 | -25 |
2019-03 | -29 | -53 | -10 | -26 |
2019-04 | -29 | -55 | -8 | -25 |
2019-05 | -26 | -52 | -5 | -23 |
graphiqueBalances on personal financial situation and standard of living in France
tableauCONSUMER OPINION: synthetic index and opinion balances
Avg. (1) | February 19 | March 19 | April 19 | May 19 | |
---|---|---|---|---|---|
Synthetic index (2) | 100 | 95 | 96 | 96 | 99 |
Financial sit., past 12 m. | -21 | -25 | -26 | -25 | -23 |
Financial sit., next 12 m. | -6 | -12 | -10 | -8 | -5 |
Current saving capacity | 8 | 9 | 11 | 10 | 11 |
Expected saving capacity | -9 | -7 | -5 | -8 | -6 |
Savings intentions, next 12 m. | 17 | 2 | 1 | 12 | 12 |
Major purchases intentions, next 12 m. | -14 | -20 | -18 | -15 | -13 |
Standard of living, past 12 m. | -45 | -57 | -53 | -55 | -52 |
Standard of living, next 12 m. | -25 | -29 | -29 | -29 | -26 |
Unemployment, next 12 m. | 33 | 11 | 21 | 26 | 16 |
Consumer prices, past 12 m. | -17 | -28 | -19 | -19 | -19 |
Consumer prices, next 12 m. | -33 | -19 | -23 | -21 | -22 |
- (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
Standard of living in France: improvement
In May, households are more numerous to consider that the past standard of living in France has improved during the past twelve months or will improve during the next twelve months : the corresponding balances have both gained 3 points but still remain below their long term average.
Unemployment: fears decreasing sharply
Households' fears about the unemployment trend have significantly decreased in May: the corresponding balance has lost 10 points after having increased strongly in March and April (respectively by +10 and +5 points). Therefore, it remains well below its long term average.
Perceived and expected inflation : virtual stability
In May, households considering that prices will be on the rise during the next twelve months have been slightly less numerous than the previous month: the corresponding balance has lost 1 point and remains above its long term average. The share of households considering that prices were on the rise during the past twelve months has been virtually stable.
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 | 61 |
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 | 43 |
2015-04 | 61 |
2015-05 | 62 |
2015-06 | 61 |
2015-07 | 58 |
2015-08 | 50 |
2015-09 | 44 |
2015-10 | 47 |
2015-11 | 36 |
2015-12 | 45 |
2016-01 | 36 |
2016-02 | 44 |
2016-03 | 39 |
2016-04 | 52 |
2016-05 | 26 |
2016-06 | 26 |
2016-07 | 28 |
2016-08 | 33 |
2016-09 | 28 |
2016-10 | 30 |
2016-11 | 28 |
2016-12 | 19 |
2017-01 | 18 |
2017-02 | 19 |
2017-03 | 21 |
2017-04 | 16 |
2017-05 | 23 |
2017-06 | 6 |
2017-07 | 10 |
2017-08 | -2 |
2017-09 | 15 |
2017-10 | 12 |
2017-11 | 4 |
2017-12 | 6 |
2018-01 | 1 |
2018-02 | 4 |
2018-03 | 5 |
2018-04 | 4 |
2018-05 | 5 |
2018-06 | 17 |
2018-07 | 15 |
2018-08 | 22 |
2018-09 | 20 |
2018-10 | 6 |
2018-11 | 28 |
2018-12 | 30 |
2019-01 | 32 |
2019-02 | 11 |
2019-03 | 21 |
2019-04 | 26 |
2019-05 | 16 |
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 | -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 | -15 | -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 | -40 |
2015-12 | -51 | -39 |
2016-01 | -52 | -41 |
2016-02 | -56 | -39 |
2016-03 | -58 | -38 |
2016-04 | -58 | -37 |
2016-05 | -53 | -39 |
2016-06 | -53 | -36 |
2016-07 | -51 | -37 |
2016-08 | -51 | -35 |
2016-09 | -45 | -34 |
2016-10 | -52 | -38 |
2016-11 | -52 | -38 |
2016-12 | -48 | -29 |
2017-01 | -44 | -23 |
2017-02 | -46 | -31 |
2017-03 | -47 | -26 |
2017-04 | -50 | -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 | -27 |
2017-12 | -47 | -34 |
2018-01 | -42 | -15 |
2018-02 | -34 | -20 |
2018-03 | -38 | -24 |
2018-04 | -39 | -26 |
2018-05 | -30 | -18 |
2018-06 | -25 | -20 |
2018-07 | -25 | -21 |
2018-08 | -26 | -21 |
2018-09 | -15 | -16 |
2018-10 | -14 | -15 |
2018-11 | -10 | -11 |
2018-12 | -10 | -24 |
2019-01 | -34 | -39 |
2019-02 | -28 | -19 |
2019-03 | -19 | -23 |
2019-04 | -19 | -21 |
2019-05 | -19 | -22 |
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’ judgment 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 April 29 and May 16 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: June 26 at 8:45 am