France consumer confidence remained stable in January on a monthly basis, according to a statement from insee.
Though households’ confidence in the economic condition fell and the synthetic index shed one point to hit 104, it remained above the long-term average of 100.
The Households opinion on their future financial condition has worsened modestly in January as the corresponding balance shed two points to stay below its long-term average. However, there was no change in their opinion on their past financial condition with one point added to it. As a result, the corresponding balance remained above the long-term average.
There was also no change in the households’ proportion considering it was a suitable time to make big purchases in January. Therefore, the balance remained above the long-term average.
On the other hand, households’ thinking that it is the right time to save has increased by four points in January. However, the corresponding balance stood below the long-term average.
The release added, “In January, households’ balance of opinion on their expected saving capacity lost 2 points, while the one on their current saving capacity was virtually stable. Both stand above their long term average.”
There was also no change in France households’ perception on past and future standard of living. As a result, both balances stayed above the long-term averages.
On a monthly term, France households were numerous to see price hike in the upcoming one year period in December than in November.