French households’ confidence has bounced back slightly in March

According to the report from INSEE, in March 2021, households’ confidence in the economic situation has bounced back slightly. At 94, the synthetic index has gained three points but remains below its long-term average (100).

In March, the households’ opinion balance related to their future financial situation has gained four points and passes over its long-term average. The households’ opinion balance related to their past financial situation has increased slightly. It has gained one point and remains above its average.

The share of households considering it is a suitable time to make major purchases has increased. The corresponding balance has gained two points but remains below its average.

In March, the share of households considering it is a suitable time to save has increased again. The corresponding balance has gained three points, and reaches its new highest historical level.

Conversely, households’ opinion balance related to their future saving capacity has lost two points. Households’ opinion balance related to their current saving capacity has been stable. Both balances remain well above their averages.

In March, households considering that prices will be on the rise during the next twelve months have been a bit more numerous than in February. The corresponding balance has gained five points, and remains above its long-term average.

The share of households considering that prices were on the rise during the past twelve months has been almost stable. The corresponding balance has gained one point, but still remains well below its long-term average.