According to the report from Insee, in November 2020, households’ confidence in the economic situation has decreased sharply: the synthetic index has lost four points compared to October. At 90, it has hit its lowest level since December 2018 and remains below its long term average (100). Economists had expected a decrease to 92.
In November, households have been much more less optimistic concerning their future financial situation: the corresponding balance has lost five points and moves even further away its long-term average. Conversely, households' balance of opinions about their past financial situation has been stable above its average.
Furthermore, the share of households considering it is a suitable time to make major purchases has decreased markedly. The corresponding balance has lost eight points and remains below its long-term average. It hits its lowest level since last May.
In November, households’ opinion balance related to their current saving capacity has declined by three points but remains well above its average. Households' balance of opinion on their future saving capacity has been stable and stays well above its long-term average.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.