France consumer confidence has increased once again in September

According to the report from Insee, in September 2019, households’ confidence in the economic situation has increased for the ninth consecutive month. At 104, the synthetic index remains above its long-term average (100), reaching its highest level since January 2018.

In September, households' opinion balance on their future financial situation has increased for the third consecutive month and remains above its long-term average. Households' opinion balance about their past financial situation has been virtually stable and also remains above its long-term average. Furthermore, the share of households considering it is a suitable time to make major purchases has slightly increased compared to last month and remains above its long-term average.

In September, households’ opinion on their expected saving capacity has improved markedly: the corresponding balance has increased by 3 points and continues to move away from its long-term average. The current saving capacity balance has also increased by 1 point. The share of households considering it is a suitable time to save has decreased: the corresponding balance has decreased by 2 points and remains below its long term average.

Households' fears about the unemployment trend have diminished again in September: the corresponding balance has decreased by 5 points after a 6 point decrease in August. It thus has reached its lowest level since January 2018, well below its long-term average.