Growth, between purchasing power and uncertainties Economic Outlook - October 2024

 

Conjoncture in France
Paru le :Paru le17/10/2024
Conjoncture in France- October 2024
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Since the legislative elections, renewed optimism varies according to category of household

Since 1987, the monthly household consumer confidence survey has collected the opinions of 2,000 households on changes in their economic environment and compiled their overall confidence level. Over the long term, national election cycles (presidential and legislative elections) usually give rise to a wave of optimism on the composite confidence indicator and some balances of opinion.

Household confidence increased by 5 points between June and September 2024. This improvement coincided not only with the election period, but also with the hosting of the Olympic and Paralympic Games in Paris, and also a trend throughout Europe that saw a recovery in confidence in the wake of purchasing power. Looking at household categories, improvement in the balance relating to standard of living in France was mainly driven by low-income households, while the opinion of the wealthier households or managers fluctuated widely from month to month. As in previous elections, the share of households not wishing to express an opinion on certain questions increased, such as future change in standard of living or unemployment, and this proportion was only partially back to normal in September, which in itself reflects a degree of uncertainty...

Conjoncture in France

Paru le :17/10/2024