27 May 2020
2020- n° 131In May 2020, households’ confidence has decreased again Monthly consumer confidence survey - May 2020
In May 2020, in a context that continues to be marked by the sanitary crisis, households’ confidence in the economic situation has decreased once again, although a lot less than the previous month: the synthetic index has lost 2 points (after -8 points in April). Now standing at 93, it stays below its long term average (100).
The May survey was conducted from April, 28th to May, 16th 2020, i.e. mainly before the reduction of the population containment measures on May, 11th, in the context of the fight against the spread of the Covid-19 virus. On the contrary, the responses to the April survey were all collected during the containment period.
- Personal situation
- Suitable time to make major purchases: clear increase
- Saving opportunity: sharp increase
- Economic situation in France
- Future standard of living in France: stability at a very low level
- Unemployment: fears increasing strongly again
- Perceived inflation: clear increase
- For more information
In May 2020, in a context that continues to be marked by the sanitary crisis, households’ confidence in the economic situation has decreased once again, although a lot less than the previous month: the synthetic index has lost 2 points (after -8 points in April). Now standing at 93, it stays below its long term average (100).
tableauConsumer confidence synthetic index
| Consumer confidence synthetic index | |
|---|---|
| 2000-01 | 119 |
| 2000-02 | 118 |
| 2000-03 | 119 |
| 2000-04 | 122 |
| 2000-05 | 122 |
| 2000-06 | 123 |
| 2000-07 | 124 |
| 2000-08 | 121 |
| 2000-09 | 118 |
| 2000-10 | 120 |
| 2000-11 | 119 |
| 2000-12 | 123 |
| 2001-01 | 126 |
| 2001-02 | 124 |
| 2001-03 | 122 |
| 2001-04 | 121 |
| 2001-05 | 116 |
| 2001-06 | 115 |
| 2001-07 | 114 |
| 2001-08 | 113 |
| 2001-09 | 111 |
| 2001-10 | 111 |
| 2001-11 | 112 |
| 2001-12 | 112 |
| 2002-01 | 112 |
| 2002-02 | 111 |
| 2002-03 | 112 |
| 2002-04 | 109 |
| 2002-05 | 113 |
| 2002-06 | 111 |
| 2002-07 | 109 |
| 2002-08 | 108 |
| 2002-09 | 106 |
| 2002-10 | 108 |
| 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 | 91 |
| 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 | 88 |
| 2008-04 | 88 |
| 2008-05 | 85 |
| 2008-06 | 81 |
| 2008-07 | 81 |
| 2008-08 | 82 |
| 2008-09 | 83 |
| 2008-10 | 81 |
| 2008-11 | 83 |
| 2008-12 | 83 |
| 2009-01 | 84 |
| 2009-02 | 83 |
| 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 | 91 |
| 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 | 85 |
| 2011-09 | 84 |
| 2011-10 | 86 |
| 2011-11 | 84 |
| 2011-12 | 83 |
| 2012-01 | 84 |
| 2012-02 | 85 |
| 2012-03 | 89 |
| 2012-04 | 90 |
| 2012-05 | 92 |
| 2012-06 | 91 |
| 2012-07 | 88 |
| 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 | 86 |
| 2013-11 | 84 |
| 2013-12 | 85 |
| 2014-01 | 86 |
| 2014-02 | 85 |
| 2014-03 | 88 |
| 2014-04 | 85 |
| 2014-05 | 85 |
| 2014-06 | 85 |
| 2014-07 | 86 |
| 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 | 93 |
| 2015-07 | 93 |
| 2015-08 | 93 |
| 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 | 96 |
| 2016-07 | 95 |
| 2016-08 | 96 |
| 2016-09 | 97 |
| 2016-10 | 98 |
| 2016-11 | 99 |
| 2016-12 | 100 |
| 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 | 106 |
| 2018-01 | 105 |
| 2018-02 | 101 |
| 2018-03 | 100 |
| 2018-04 | 101 |
| 2018-05 | 99 |
| 2018-06 | 96 |
| 2018-07 | 96 |
| 2018-08 | 96 |
| 2018-09 | 93 |
| 2018-10 | 94 |
| 2018-11 | 91 |
| 2018-12 | 88 |
| 2019-01 | 92 |
| 2019-02 | 95 |
| 2019-03 | 96 |
| 2019-04 | 97 |
| 2019-05 | 99 |
| 2019-06 | 101 |
| 2019-07 | 102 |
| 2019-08 | 103 |
| 2019-09 | 104 |
| 2019-10 | 104 |
| 2019-11 | 105 |
| 2019-12 | 102 |
| 2020-01 | 104 |
| 2020-02 | 105 |
| 2020-03 | 103 |
| 2020-04 | 95 |
| 2020-05 | 93 |
graphiqueConsumer confidence synthetic index
- Source: INSEE.
Personal situation
Suitable time to make major purchases: clear increase
In May, the share of households considering it is a suitable time to make major purchases has increased sharply. The corresponding balance has gained 15 points but remains well below its long term average.
Households' opinion balance on their future financial situation has regained one point, after falling in April. The balance related to their past financial situation has lost 2 points. However, it remains above its long-term average.
Saving opportunity: sharp increase
In May, the share of households considering it is a suitable time to save has increased: the corresponding balance has gained 9 points but remains below its long-term average.
Households’ opinion balance on their current saving capacity has increased again: it has gained 4 points and remains well above its long-term average. Households’ opinion balance on their expected saving capacity has decreased slightly again. It has lost 1 point while remaining above 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 | |
|---|---|---|---|---|
| 2005-01 | -30 | -56 | -5 | -21 |
| 2005-02 | -29 | -53 | -4 | -20 |
| 2005-03 | -31 | -54 | -6 | -22 |
| 2005-04 | -32 | -54 | -5 | -22 |
| 2005-05 | -37 | -59 | -8 | -24 |
| 2005-06 | -33 | -65 | -6 | -25 |
| 2005-07 | -36 | -65 | -7 | -25 |
| 2005-08 | -37 | -65 | -8 | -25 |
| 2005-09 | -38 | -66 | -8 | -26 |
| 2005-10 | -40 | -66 | -10 | -29 |
| 2005-11 | -41 | -65 | -10 | -28 |
| 2005-12 | -35 | -63 | -7 | -23 |
| 2006-01 | -33 | -60 | -5 | -22 |
| 2006-02 | -31 | -55 | -4 | -21 |
| 2006-03 | -34 | -57 | -6 | -19 |
| 2006-04 | -38 | -59 | -6 | -21 |
| 2006-05 | -38 | -61 | -6 | -23 |
| 2006-06 | -38 | -59 | -7 | -21 |
| 2006-07 | -33 | -55 | -5 | -19 |
| 2006-08 | -33 | -57 | -4 | -20 |
| 2006-09 | -28 | -54 | -4 | -20 |
| 2006-10 | -24 | -55 | -3 | -22 |
| 2006-11 | -25 | -56 | -4 | -22 |
| 2006-12 | -26 | -56 | -5 | -21 |
| 2007-01 | -23 | -57 | -4 | -22 |
| 2007-02 | -19 | -56 | -4 | -22 |
| 2007-03 | -17 | -56 | -2 | -20 |
| 2007-04 | -15 | -56 | -2 | -20 |
| 2007-05 | 3 | -50 | 7 | -16 |
| 2007-06 | 0 | -44 | 3 | -13 |
| 2007-07 | -6 | -44 | -1 | -15 |
| 2007-08 | -16 | -48 | -4 | -16 |
| 2007-09 | -25 | -51 | -5 | -17 |
| 2007-10 | -23 | -54 | -6 | -20 |
| 2007-11 | -37 | -61 | -10 | -23 |
| 2007-12 | -30 | -63 | -10 | -26 |
| 2008-01 | -42 | -67 | -16 | -29 |
| 2008-02 | -40 | -70 | -14 | -29 |
| 2008-03 | -37 | -71 | -14 | -33 |
| 2008-04 | -41 | -70 | -16 | -32 |
| 2008-05 | -46 | -75 | -18 | -34 |
| 2008-06 | -55 | -78 | -24 | -37 |
| 2008-07 | -54 | -80 | -21 | -38 |
| 2008-08 | -51 | -81 | -20 | -37 |
| 2008-09 | -49 | -79 | -17 | -35 |
| 2008-10 | -57 | -81 | -21 | -33 |
| 2008-11 | -53 | -78 | -20 | -33 |
| 2008-12 | -56 | -78 | -20 | -32 |
| 2009-01 | -56 | -75 | -19 | -31 |
| 2009-02 | -57 | -77 | -20 | -30 |
| 2009-03 | -56 | -77 | -20 | -30 |
| 2009-04 | -50 | -76 | -17 | -29 |
| 2009-05 | -46 | -76 | -15 | -30 |
| 2009-06 | -43 | -73 | -12 | -25 |
| 2009-07 | -43 | -75 | -12 | -26 |
| 2009-08 | -40 | -72 | -12 | -30 |
| 2009-09 | -38 | -71 | -11 | -27 |
| 2009-10 | -38 | -70 | -12 | -27 |
| 2009-11 | -33 | -66 | -8 | -25 |
| 2009-12 | -34 | -65 | -10 | -23 |
| 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 | -32 |
| 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 | -72 | -21 | -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 | -31 |
| 2014-10 | -50 | -74 | -20 | -31 |
| 2014-11 | -48 | -68 | -17 | -33 |
| 2014-12 | -43 | -66 | -16 | -27 |
| 2015-01 | -42 | -66 | -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 | -54 | -10 | -24 |
| 2015-12 | -31 | -54 | -7 | -25 |
| 2016-01 | -27 | -55 | -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 | -54 | -10 | -23 |
| 2016-07 | -33 | -53 | -10 | -29 |
| 2016-08 | -34 | -54 | -10 | -22 |
| 2016-09 | -29 | -55 | -9 | -23 |
| 2016-10 | -29 | -53 | -7 | -23 |
| 2016-11 | -26 | -49 | -8 | -24 |
| 2016-12 | -23 | -51 | -7 | -21 |
| 2017-01 | -27 | -47 | -5 | -22 |
| 2017-02 | -23 | -48 | -6 | -22 |
| 2017-03 | -22 | -48 | -7 | -20 |
| 2017-04 | -21 | -51 | -9 | -19 |
| 2017-05 | -17 | -45 | -7 | -20 |
| 2017-06 | 1 | -40 | -4 | -14 |
| 2017-07 | -11 | -40 | -11 | -18 |
| 2017-08 | -20 | -40 | -9 | -18 |
| 2017-09 | -21 | -42 | -11 | -21 |
| 2017-10 | -24 | -40 | -16 | -21 |
| 2017-11 | -19 | -39 | -10 | -19 |
| 2017-12 | -13 | -30 | -9 | -16 |
| 2018-01 | -19 | -29 | -12 | -16 |
| 2018-02 | -24 | -35 | -18 | -22 |
| 2018-03 | -24 | -40 | -12 | -24 |
| 2018-04 | -21 | -36 | -11 | -26 |
| 2018-05 | -28 | -40 | -14 | -25 |
| 2018-06 | -32 | -47 | -14 | -27 |
| 2018-07 | -32 | -47 | -12 | -28 |
| 2018-08 | -30 | -47 | -12 | -30 |
| 2018-09 | -36 | -50 | -17 | -30 |
| 2018-10 | -32 | -53 | -16 | -29 |
| 2018-11 | -45 | -58 | -18 | -28 |
| 2018-12 | -38 | -65 | -21 | -32 |
| 2019-01 | -32 | -61 | -14 | -28 |
| 2019-02 | -29 | -56 | -12 | -25 |
| 2019-03 | -28 | -54 | -10 | -26 |
| 2019-04 | -27 | -54 | -7 | -25 |
| 2019-05 | -25 | -51 | -5 | -24 |
| 2019-06 | -23 | -44 | -6 | -23 |
| 2019-07 | -23 | -42 | -5 | -21 |
| 2019-08 | -22 | -43 | -5 | -19 |
| 2019-09 | -22 | -40 | -2 | -18 |
| 2019-10 | -24 | -38 | -4 | -18 |
| 2019-11 | -22 | -35 | -2 | -17 |
| 2019-12 | -29 | -38 | -6 | -19 |
| 2020-01 | -30 | -37 | -3 | -15 |
| 2020-02 | -26 | -36 | -5 | -14 |
| 2020-03 | -36 | -33 | -7 | -12 |
| 2020-04 | -71 | -31 | -21 | -7 |
| 2020-05 | -71 | -48 | -20 | -9 |
graphiqueBalances on personal financial situation and standard of living in France
- Source: INSEE
tableauCONSUMER OPINION: synthetic index and opinion balances
| Avg. (1) | Jan 20 | Feb 20 | Mar 20 | Apr 20 | |
|---|---|---|---|---|---|
| Synthetic index (2) | 100 | 105 | 103 | 95 | 93 |
| Financial sit., past 12 m. | -21 | -14 | -12 | -7 | -9 |
| Financial sit., next 12 m. | -6 | -5 | -7 | -21 | -20 |
| Current saving capacity | 9 | 14 | 17 | 19 | 23 |
| Expected saving capacity | -9 | 0 | 2 | 0 | -1 |
| Savings intentions, next 12 m. | 17 | 7 | 9 | 4 | 13 |
| Major purchases intentions, next 12 m. | -14 | -10 | -17 | -60 | -45 |
| Standard of living, past 12 m. | -45 | -36 | -33 | -31 | -48 |
| Standard of living, next 12 m. | -25 | -26 | -36 | -71 | -71 |
| Unemployment, next 12 m. | 33 | -4 | 17 | 61 | 79 |
| Consumer prices, past 12 m. | -17 | -34 | -39 | -50 | -30 |
| Consumer prices, next 12 m. | -33 | -24 | -13 | 14 | 6 |
- (1) Average value between January 1987 and December 2019
- (2) The indicator is normalised in such a way that its average equals 100 and standard error equals 10 over the estimation period (1987–2019).
- Source: INSEE, monthly consumer confidence survey
Economic situation in France
Future standard of living in France: stability at a very low level
In May, households’ opinion balance about the future standard of living in France has been stable. At -71, it remains at the lowest level ever since the beginning of the survey.
Furthermore, the share of households considering that the past standard of living in France has improved during the past twelve months has decreased sharply: the corresponding balance has lost 17 points and slips below its long-term average.
Unemployment: fears increasing strongly again
Households' fears about the unemployment trend have increased very strongly again in May. The corresponding balance has increased by 18 points, reaching an unprecedented level since June 2013.
tableauHouseholds' unemployment expectations
| Households' unemployment expectations | |
|---|---|
| 2005-01 | 47 |
| 2005-02 | 37 |
| 2005-03 | 42 |
| 2005-04 | 45 |
| 2005-05 | 59 |
| 2005-06 | 36 |
| 2005-07 | 36 |
| 2005-08 | 29 |
| 2005-09 | 22 |
| 2005-10 | 16 |
| 2005-11 | 15 |
| 2005-12 | 14 |
| 2006-01 | 9 |
| 2006-02 | 8 |
| 2006-03 | 24 |
| 2006-04 | 17 |
| 2006-05 | 13 |
| 2006-06 | 15 |
| 2006-07 | 5 |
| 2006-08 | 6 |
| 2006-09 | 0 |
| 2006-10 | 5 |
| 2006-11 | 3 |
| 2006-12 | 21 |
| 2007-01 | 7 |
| 2007-02 | 6 |
| 2007-03 | 9 |
| 2007-04 | 3 |
| 2007-05 | -14 |
| 2007-06 | -10 |
| 2007-07 | -15 |
| 2007-08 | -5 |
| 2007-09 | 3 |
| 2007-10 | 2 |
| 2007-11 | 3 |
| 2007-12 | -3 |
| 2008-01 | 1 |
| 2008-02 | 6 |
| 2008-03 | 7 |
| 2008-04 | 3 |
| 2008-05 | 15 |
| 2008-06 | 14 |
| 2008-07 | 27 |
| 2008-08 | 39 |
| 2008-09 | 45 |
| 2008-10 | 64 |
| 2008-11 | 69 |
| 2008-12 | 76 |
| 2009-01 | 75 |
| 2009-02 | 75 |
| 2009-03 | 74 |
| 2009-04 | 78 |
| 2009-05 | 81 |
| 2009-06 | 85 |
| 2009-07 | 75 |
| 2009-08 | 64 |
| 2009-09 | 67 |
| 2009-10 | 60 |
| 2009-11 | 55 |
| 2009-12 | 54 |
| 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 | 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 | 61 |
| 2015-07 | 58 |
| 2015-08 | 50 |
| 2015-09 | 45 |
| 2015-10 | 47 |
| 2015-11 | 36 |
| 2015-12 | 45 |
| 2016-01 | 36 |
| 2016-02 | 45 |
| 2016-03 | 39 |
| 2016-04 | 51 |
| 2016-05 | 24 |
| 2016-06 | 26 |
| 2016-07 | 28 |
| 2016-08 | 33 |
| 2016-09 | 29 |
| 2016-10 | 30 |
| 2016-11 | 29 |
| 2016-12 | 19 |
| 2017-01 | 18 |
| 2017-02 | 21 |
| 2017-03 | 20 |
| 2017-04 | 16 |
| 2017-05 | 21 |
| 2017-06 | 5 |
| 2017-07 | 9 |
| 2017-08 | -2 |
| 2017-09 | 16 |
| 2017-10 | 13 |
| 2017-11 | 5 |
| 2017-12 | 6 |
| 2018-01 | 1 |
| 2018-02 | 7 |
| 2018-03 | 4 |
| 2018-04 | 4 |
| 2018-05 | 2 |
| 2018-06 | 15 |
| 2018-07 | 14 |
| 2018-08 | 23 |
| 2018-09 | 22 |
| 2018-10 | 7 |
| 2018-11 | 30 |
| 2018-12 | 30 |
| 2019-01 | 32 |
| 2019-02 | 15 |
| 2019-03 | 20 |
| 2019-04 | 26 |
| 2019-05 | 13 |
| 2019-06 | 12 |
| 2019-07 | 11 |
| 2019-08 | 6 |
| 2019-09 | 2 |
| 2019-10 | 3 |
| 2019-11 | 2 |
| 2019-12 | 9 |
| 2020-01 | 9 |
| 2020-02 | -4 |
| 2020-03 | 17 |
| 2020-04 | 61 |
| 2020-05 | 79 |
graphiqueHouseholds' unemployment expectations
- Source: INSEE
Perceived inflation: clear increase
In May, the households considering that prices were on rise during the past twelve months have been markedly more numerous than the previous month: the corresponding balance has increased by 20 points but yet stands below its long term average.
On the contrary, the households considering that prices will be on the rise during the next twelve months have been a bit less numerous than the previous month. The corresponding balance has lost 8 points while remaining well above its long term average.
tableauHouseholds' perception of prices
| Past prices | Future prices | |
|---|---|---|
| 2005-01 | 14 | -44 |
| 2005-02 | 15 | -41 |
| 2005-03 | 15 | -40 |
| 2005-04 | 14 | -40 |
| 2005-05 | 15 | -40 |
| 2005-06 | 11 | -40 |
| 2005-07 | 13 | -35 |
| 2005-08 | 12 | -32 |
| 2005-09 | 12 | -31 |
| 2005-10 | 11 | -32 |
| 2005-11 | 9 | -35 |
| 2005-12 | 4 | -35 |
| 2006-01 | 1 | -37 |
| 2006-02 | 4 | -36 |
| 2006-03 | -3 | -35 |
| 2006-04 | 7 | -32 |
| 2006-05 | 18 | -29 |
| 2006-06 | 11 | -32 |
| 2006-07 | 7 | -34 |
| 2006-08 | 10 | -37 |
| 2006-09 | 14 | -40 |
| 2006-10 | 12 | -39 |
| 2006-11 | 13 | -38 |
| 2006-12 | 18 | -35 |
| 2007-01 | 17 | -38 |
| 2007-02 | 11 | -39 |
| 2007-03 | 6 | -36 |
| 2007-04 | 5 | -34 |
| 2007-05 | -1 | -43 |
| 2007-06 | -3 | -31 |
| 2007-07 | 6 | -27 |
| 2007-08 | 13 | -21 |
| 2007-09 | 20 | -15 |
| 2007-10 | 27 | -20 |
| 2007-11 | 45 | -8 |
| 2007-12 | 54 | -25 |
| 2008-01 | 51 | -15 |
| 2008-02 | 51 | -30 |
| 2008-03 | 67 | -45 |
| 2008-04 | 63 | -38 |
| 2008-05 | 71 | -39 |
| 2008-06 | 70 | -31 |
| 2008-07 | 67 | -30 |
| 2008-08 | 60 | -42 |
| 2008-09 | 50 | -53 |
| 2008-10 | 43 | -37 |
| 2008-11 | 29 | -47 |
| 2008-12 | 19 | -50 |
| 2009-01 | 6 | -51 |
| 2009-02 | 7 | -49 |
| 2009-03 | -1 | -54 |
| 2009-04 | -6 | -56 |
| 2009-05 | -11 | -57 |
| 2009-06 | -16 | -56 |
| 2009-07 | -19 | -52 |
| 2009-08 | -18 | -53 |
| 2009-09 | -25 | -48 |
| 2009-10 | -16 | -45 |
| 2009-11 | -14 | -48 |
| 2009-12 | -14 | -44 |
| 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 | -28 |
| 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 | -37 |
| 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 | -53 | -41 |
| 2015-10 | -50 | -41 |
| 2015-11 | -50 | -41 |
| 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 | -36 |
| 2016-08 | -51 | -35 |
| 2016-09 | -46 | -34 |
| 2016-10 | -52 | -38 |
| 2016-11 | -52 | -40 |
| 2016-12 | -48 | -28 |
| 2017-01 | -44 | -24 |
| 2017-02 | -46 | -31 |
| 2017-03 | -46 | -25 |
| 2017-04 | -50 | -27 |
| 2017-05 | -57 | -34 |
| 2017-06 | -56 | -40 |
| 2017-07 | -54 | -31 |
| 2017-08 | -54 | -32 |
| 2017-09 | -55 | -30 |
| 2017-10 | -50 | -24 |
| 2017-11 | -45 | -29 |
| 2017-12 | -46 | -33 |
| 2018-01 | -41 | -16 |
| 2018-02 | -34 | -20 |
| 2018-03 | -37 | -23 |
| 2018-04 | -39 | -26 |
| 2018-05 | -31 | -18 |
| 2018-06 | -27 | -20 |
| 2018-07 | -26 | -20 |
| 2018-08 | -25 | -21 |
| 2018-09 | -15 | -16 |
| 2018-10 | -15 | -15 |
| 2018-11 | -10 | -13 |
| 2018-12 | -9 | -23 |
| 2019-01 | -32 | -40 |
| 2019-02 | -27 | -18 |
| 2019-03 | -17 | -23 |
| 2019-04 | -18 | -22 |
| 2019-05 | -21 | -22 |
| 2019-06 | -20 | -21 |
| 2019-07 | -26 | -23 |
| 2019-08 | -27 | -21 |
| 2019-09 | -28 | -25 |
| 2019-10 | -27 | -22 |
| 2019-11 | -32 | -25 |
| 2019-12 | -34 | -23 |
| 2020-01 | -34 | -25 |
| 2020-02 | -34 | -24 |
| 2020-03 | -39 | -13 |
| 2020-04 | -50 | 14 |
| 2020-05 | -30 | 6 |
graphiqueHouseholds' perception of prices
- Source: INSEE
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 28 and May 16 2020. 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.
Next publication: 26 June 2020 at 8:45 am
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