French consumer сonfidence Index falls in January

According to the report from Insee, in January 2021, households’ confidence in the economic situation has fallen back, after having bounced back sharply in December. At 92, the synthetic index has lost three points and remains below its long-term average (100).

In January, the share of households considering it is a suitable time to make major purchases has clearly decreased. The corresponding balance has lost six points and falls below its long-term average.

The households’ opinion balance related to their future financial situation has also decreased. By losing five points, it falls below its average. The households’ opinion balance related to their past financial situation has decreased by two points, but remains above its long-term average.

In January, the share of households considering it is a suitable time to save has increased very sharply. The corresponding balance has gained eleven points. It hits its December 2012 level, very close to its highest level.

Households’ balance of opinions on their current saving capacity has gained two points. Conversely, households’ balance of opinions on their future saving capacity has lost one point. Both balances remain well above their long-term average.