French household confidence has rebounded in January

According to the report from National Institute of Statistics and Economic Studies (INSEE), in January 2020, households' confidence in the economic situation has rebounded. The synthetic index has gained two points, after losing three in December. The index was expected to remain at 102. At 104, it stays above its long-term average (100).

In January, households' opinion balance on their future financial situation has gained four points after losing five in December. This brings it back above its long-term average. The opinion balance related to their past financial situation has gained three points after losing two last month. It remains above its average.

Furthermore, the share of households considering it is a suitable time to make major purchases has slightly increased compared to the previous month: the corresponding balance has gained one point and remains above its long-term average.

In January, households' opinion balance on their expected saving capacity has increased by two points and remains above its long-term average. Households' opinion on their current saving capacity has been stable for the fourth consecutive month. The share of households considering it is a suitable time to save has declined again: the corresponding balance has fallen by two points and remains below its long-term average.