France: households confidence has increased again in November

According to the report from Insee, in November 2019, households’ confidence in the economic situation has increased again, after two months of stability. At 106, the synthetic index has gained two points and remains above its long-term average (100). Economists had expected a decrease to 103.

In November, households' opinion balance on their future financial situation has gained two points and the one related to their past financial situation has gained one point. These two balances thus remain above their 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: the corresponding balance has increased by one point and remains well above its long term average.

In November, households’ opinion on their expected saving capacity has remained stable while the current saving capacity balance has fallen by one point. Nevertheless, both balances remain well above their long-term average. The share of households considering it is a suitable time to save has fallen slightly: the corresponding balance has lost one point and thus remains below its long term average.