Cooling Economic Outlook - December 2022


Conjoncture in France- December 2022

Household income

In Q3 2022, household gross disposable income (GDI) accelerated (+2.6% after +1.1% in Q2), driven by the buoyancy of earned income (increase in the minimum wage (SMIC) in August, review of the index point value for civil service personnel, introduction of PPV, the value sharing bonus) but also by the increase in social benefits (one-off back-to-school bonus, increase in several benefits). Thus, despite some particularly dynamic household consumer prices –boosted further by the rise in consumer prices in financial services– purchasing power per consumption unit bounced back (+0.8% after -1.0%)...

Conjoncture in France

Paru le :06/01/2023