French households confidence has rebounded in June

According to the report from Insee, in June 2020, with the end of the population containment, households’ confidence in the economic situation has rebounded: the synthetic index has gained 4 points. At 97, it nevertheless remains below its long term average (100).

In June, the share of households considering it is a suitable time to make major purchases has increased sharply. The corresponding balance has gained 31 points and returns to its long term average after five consecutive months of decrease.

Households' opinion balance on their future financial situation has also increased significantly (+12 points). It remains slightly below its average. The balance related to their past financial situation has lost 2 points but remains above its long-term average.

Households’ opinion balance related to their expected saving capacity has increased sharply. It has gained 9 points and remains above its long-term average.

Households’ opinion balance on their current saving capacity has also increased for the seventh consecutive month. It has gained 4 points and stands at its highest level since the beginning of the time series (1970).

In June, the share of households considering it is a suitable time to save has increased slightly: the corresponding balance has increased by one point but stays below its long-term average.