France households’ confidence rose more than expected in September

According to the report from INSEE, in September 2021, households’ confidence in the economic situation has increased. At 102, the indicator that summarizes it has gained three points and is back above its long-term average (100). Economists had expected an increase to 100.

In September, the households’ opinion balance related to their future financial situation has bounced back by one point. The one relative to their personal past financial situation has been stable. Both balances remain above their long-term averages. The share of households considering it is a suitable time to make major purchases has decreased this month, the corresponding balance has lost three points, but remains above its average.

In September, the households’ opinion balance related to their future saving capacity has bounced back by three points. In contrast, the one relative to their current saving capacity has fallen by one point, as well as the one about the opportunity to save. These three balances remain well above their long-term average.

In September 2021, the households' fears about unemployment trend have decreased. Below its long term average since June, the corresponding balance moved further away by losing thirteen points this month.