France сonsumer сonfidence has decreased a little in July

According to the report from Insee, in July 2021, households’ confidence in the economic situation has decreased a little. At 101, the indicator that summaries it has lost two points but remains above its long-term average (100). Economists had expected a decrease to 101.

In July, the share of households considering it is a suitable time to make major purchases has decreased markedly, after a sharp increase in June. The corresponding balance has lost five points but remains above its long term average.

The households’ opinion balance related to their future financial situation has decreased by three points. The one relative to their personal past financial situation has lost one point. Both balances stay well above their long-term averages.

In July, the share of households considering it is a suitable time to save has fallen for the third consecutive month. The corresponding balance has lost four points but remains well above its average.

In the same way, households’ opinion balance related to their current saving capacity has decreased by three points. The one relative to their future saving capacity has lost two points. Both balances stay well above their long-term averages.

Households' fears about unemployment trend have increased a little in July after a series of declines in the first half of the year. The corresponding balance has gained three points but remains below its long-term average.