France's consumer confidence index rose in May

According to the report from Insee, in May 2021, households’ confidence in the economic situation has increased. At 97, the synthetic index has gained two points but remains below its long-term average (100).

In May, the households’ opinion balance related to their future financial situation has gained three points and goes back above its long-term average. Stable, the opinion balance related to their personal past financial situation remains above its average. The share of households considering it is a suitable time to make major purchases has been stable and remains above its long-term average.

In May, households’ opinion balance related to their current saving capacity has increased by four points. Households’ opinion balance related to their future saving capacity has also increased, by three points. These two balances reach a new all-time high in May. On the contrary, the share of households considering it is a suitable time to save has decreased. The corresponding balance has lost three points after reaching its historic high last month.

Households' fears about unemployment trend have clearly decreased in May. The corresponding balance has lost thirteen points and reaches its lowest level since March 2020. It however remains above its long-term average.

In May, households considering that prices will be on the rise during the next twelve months have been a bit more numerous than in April. The corresponding balance has gained six points, and remains above its long-term average. Households considering that prices were on the rise during the past twelve months has been also a bit more numerous. The corresponding balance has gained five points but remains well below its average.