Like this January sky, household morale is far from looking good. According to INSEE, household morale in France fell slightly in January, and is still very low compared to the historical average.
The indicator that summarizes the opinion of households on their economic situation, the opportunity to save, the standard of living in France or even the fear of unemployment was 80 last month, one point less than until December. The average between 1987 and 2022 was 100.
Twice this year (in July and then in September), the indicator fell to 79 points, a level it had not reached since June 2013. In December, household confidence stood at 81, a figure slightly revised downward by the INSEE, which had initially announced a level of 82 for the last month of 2022.
Financial situation, standard of living.
In January, the opinion of French households about their future financial situation fell by two points and the number of those who believe that it is worth making major purchases lost one point. The deterioration is also visible in the opinion of households regarding the recent evolution of their standard of living, with a level that is close to the all-time low reached last July. The prospects for your future standard of living only lose one point.
inflation on the mind
On the other hand, the proportion of households that believe prices will accelerate during the year is also falling, even if inflation fears remain above average.
Household confidence in their saving capacity, both current and future, is also declining as these two indicators lose two points each, specifies the INSEE, adding that, however, they remain above their long-term average. term. Finally, the fears of households regarding the evolution of unemployment remain practically stable (+1 point) and the indicator well below its average.
Source: BFM TV
