French household confidence fell sharply in December

According to the report from Insee, in December 2019, households' confidence in the economic situation has declined for the first time since December 2018. At 102, the synthetic index has lost three points. Nevertheless, it remains above its long-term average (100).

In December, households' opinion balance on their future financial situation has lost four points and is back to its long-term average. The balance related to their past financial situation has fallen by one point and remains above its long-term average.

Furthermore, the share of households considering it is a suitable time to make major purchases has decreased compared to the previous month: the corresponding balance has lost two points and remains well above its average.

In December, households' opinion on their expected saving capacity has deteriorated: the corresponding balance has fallen by four points. On the other hand, the balance related to their current saving capacity has increased by one point. Both balances remain above their long-term average.

The share of households considering it is a suitable time to save has been stable: the corresponding balance thus remains below its long-term average.