Consumer confidence in France rose more than expected in May

According to the report from National Institute of Statistics and Economic Studies (Insee), in May 2019, households’ confidence in the economic situation has clearly increased : the synthetic index has gained 3 points. At 99, it almost returns to its long term average (100). Economists had expected an increase to 97.

In May, households’ opinion balance on their future personal situation continued to improve: it has gained 3 points and now stands above its long term average. Households’ opinion balance regarding their past financial situation has improved as well: it has gained 2 points but remains below its long term average.

The share of households considering it is a suitable time to make major purchases has increased again. The corresponding balance has gained 2 points and now stands above its long term average.

In May, households’ opinion balance on their saving capacity has improved slightly. Indeed, the expected saving capacity balance has gained 2 points while the current one has gained 1 point. Both balances now stand above their long term average.

The share of households considering it is a suitable time to save has been virtually stable and remains below its long term average.