France consumer confidence slightly improved in March

According to the report from Insee, in March 2019 households’ confidence in the economic situation has slightly improved. The synthetic index has gained 1 point and reached 96. It remains however below its long term average (100).

In March, households’ opinion balance on their future personal situation has gained 2 points but still remains below its long term average. The households’ opinion balance on their past financial situation has been virtually stable and also remains below its long term average. The share of households considering it is a suitable time to make major purchases has slightly increased as compared to the previous month. The corresponding balance has gained 2 points but remains below its long term average as well.

Households’ opinion balance on their saving capacity has slightly improved in March. The current saving capacity balance has gained 2 points, while the expected saving capacity one has gained 1 point. These two balances stand above their long term average. However, the share of households considering it is a suitable time to save has slightly decreased: the corresponding balance has lost 1 point and stands well below its long term average.