France: households confidence has been stable in August

According to the report from insee, in August 2019, households’ confidence in the economic situation has been stable. At 102, the synthetic index remains slightly above its long-term average (100).

In August, households' opinion balance on their past personal financial situation has increased slightly. It has gained 2 points and remains above its long-term average. In addition, households' opinion balance about their future financial situation has been stable and remains slightly above its long-term average.

The share of households considering it is a suitable time to make major purchases is unchanged compared to last month and remains above its long-term average.

In August, the share of households considering it is a suitable time to save has increased: the corresponding balance has gained 3 points but remains below its long-term average.

Households' opinion on their current and expected saving capacities has been virtually stable. The corresponding balances both remain well above their long-term average.

Households' fears about the unemployment trend have declined again in August: the corresponding balance has fell by 4 points after having lost 2 points in July. It thus reaches its lowest level since October 2018 and remains well below its long-term average.

In August, households considering that prices will be on the rise during the next twelve months have been slightly more numerous than the previous month: the corresponding balance has gained 2 points and remains well above its long-term average. However, the share of households considering that prices were on the rise during the past twelve months has been virtually stable: the corresponding balance has lost 1 point and remains clearly below its long-term average.