France households’ confidence has decreased in July - Insee

According to the report from Insee, in July 2020, households’ confidence in the economic situation has decreased: the synthetic index has lost 2 points, after gaining 4 points last month. At 94, it remains below its long-term average (100).

Households' opinion balance on their past financial situation has lost 3 points. It nevertheless remains above its long-term average. The balance related to their future financial situation has remained stable, standing slightly below its long-term average.

In July, the share of households considering it is a suitable time to make major purchases has decreased slightly: the corresponding balance has lost one point and falls just below its long-term average.

In July, the share of households considering it is a suitable time to save has increased for the third consecutive month: the corresponding balance has gained 9 points and thus exceeds its long-term average.

Households’ opinion balance related to their expected saving capacity has increased by 2 points and remains well above its long-term average. Households’ opinion balance on their current saving capacity has lost 2 points but stands well above its long-term average.

Households' fears about the unemployment trend have decreased slightly in July. The corresponding balance has lost 2 points but it remains well above its long-term average.

In July, households considering that prices will be on the rise during the next twelve months have been markedly less numerous than the previous month: the corresponding balance has lost 9 points. Nevertheless, it stands above its long-term average.

Households considering that prices were on the rise during the past twelve months have been a little bit more numerous than the previous month: the corresponding balance has gained 3 points but remains clearly below its long-term average.