France consumer confidence rose unexpectedly in July

According to the report from Insee, in July 2019, households’ confidence in the economic situation has increased for the seventh consecutive month. The synthetic index has gained 1 point. At 102, it is slightly above its long term average (100) and is back to its early 2018 level. The index was expected to remain at 101.

In July, the share of households considering it is a suitable time to make major purchases has increased for the seventh consecutive month. The corresponding balance has gained 3 points and remains above its long term average.

In addition, households’ opinion balance on their future personal situation has been virtually stable: it has gained  1 point and thus exceeds slightly its long term average. Households’ opinion balance regarding their past financial situation has also gained 1 point and reaches its long term average.

In July, households’ opinion balances on their current and expected saving capacities have been virtually stable.  Both balances have gained 1 point and stand clearly above their long term average.

The share of households considering it is a suitable time to save has also been virtually stable: the corresponding balance has lost 1 point and clearly remains below its long term average.