Friday, May 27, 2016

France: consumer confidence at its highest since late 2007 – Les Echos

These are figures that are surprising, when many French are in the streets to protest against the labor law, but that probably will reinforce the executive repeated for weeks that “it will better. ” According to INSEE, in fact, in May the confidence of household s “is” much “improved.

Thus, the indicator which synthesizes gained 4 percentage points to well its “highest level since October 2007,” although it still remains below its long term average, INSEE said in its statement..

This improvement seems to just as the feeling that the standard of living and the financial situation of households is improving, on a less fear about unemployment trends. on this last point, and while the balance calculated by INSEE s’ out “at its lowest level since June 2008,” the feeling of respondents to the June survey should probably get even better as they had not yet seen the second drop in unemployment announced this week.

important Purchases

The French therefore seem to experience greater material prosperity, according to the survey. If in May, households’ opinion about their past personal financial situation is stable for the fourth consecutive month, “however, their opinion about their future financial situation has improved significantly,” note the INSEE experts. And at the same time, “households’ opinion about future living standards in France improved significantly (+9 points).”

A feeling that also led to be more likely to consider it advisable to make major purchases (cars and appliances in particular). This balance on purchasing behavior “increased significantly” and gains 7, said INSEE.

A confidence fueled no doubt also that households expect a decline . inflation over the next three months

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newsletter 18h: the turn of events in 2 minutes

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