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- French household confidence fell slightly in October
French household confidence fell slightly in October
According to the report from the Insee, in October 2020, households’ confidence in the economic situation has declined slightly: the synthetic index has lost one point compared to September. At 94, it returns to its July and August level and remains below its long-term average (100).
In October, households have been less optimistic concerning their future financial situation: the corresponding balance has lost three points and is back below its long-term average. On the other hand, households' balance of opinions about their past financial situation has been stable and stays above its long-term average.
Furthermore, the share of households considering it is a suitable time to make major purchases has been stable. The corresponding balance remains below its long-term average.
In October, the share of households considering it is a suitable time to save has declined. The corresponding balance has lost two points, but remains well above its long-term average. However, households' balance of opinion on their current saving capacity has gained one point and stays well above its average.
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