France households confidence has increased again in June

According to the report from National Institute of Statistics and Economic Studies (Insee), in June 2019, households’ confidence in the economic situation has increased for the sixth consecutive month. The synthetic index has gained 2 points. At 101, it now stands above its long term average (100) for the first time since April 2018.

In June, households’ opinion balance on their future personal situation has declined: it has lost 1 point and now stands at its long term average. Households’ opinion balance regarding their past financial situation has remained unchanged. It remains slightly below its long term average. In addition, the share of households considering it is a suitable time to make major purchases has increased again, for the sixth consecutive month. The corresponding balance has gained 1 point and remains just above its long term average.

In June, households’ opinion balance on their saving capacity has improved. Indeed, the expected saving capacity balance has gained 3 points while the current one has gained 1 point. The share of households considering it is a suitable time to save has slightly declined: the corresponding balance has lost 1 point and remains below its long term average.