The consumer sentiment remained at a low level
Posted by admin | Under business success, facts, management, networks, plans Thursday Jul 22, 2010The French consumer sentiment has stabilized at a low level in July after five months of degradation, according to the monthly survey of consumer confidence survey released Thursday by the INSEE.
The summary indicator of households' opinion on the economic situation remained unchanged at -39, its lowest level since May 2009.Seventeen economists polled by Reuters on average expected a further deterioration to -40.
The survey, conducted at the time of the announcement of the proposed pension reform and measures to reduce public deficits, shows that concerns about the future national fade a bit while still fears about the labor market.
"The impact of pension reform was probably fully integrated in the June survey," Judge Dominique Barbet, economist at BNP Paribas.
The index had dropped one point to -39 in June fell to their lowest level since May 2009, bringing to nine points to fall since the beginning of the year.
CONCERNS ON UNEMPLOYMENT
In July, households' opinion on their past personal financial situation has lost two points, with a balance cons -26 to -28 in June
Their opinion about their personal financial future (-20) remained stable, as well as their views on the advisability of making major purchases (-24).
However, the outlook for living standards in France, in decline since the beginning of the year, edged with a net increase of two points
-52.
The households' opinion on the level of past life in France remained stable at a very low level, with the balance to -71 compared to an average of -40 from the inception of the survey in January 1987.
Among the balances do not count in calculating the summary indicator, that the prospects of unemployment has stabilized at a high level (69), reflecting concerns still alive.
This balance, said Insee, was increased from eight to 89 points between January 2008 and June 2009 and then fell until October. He has since remained around 65 points, well above its long-term average is 33.
The balance measures the opportunity to spare jumped eight points to 19 in July, near its historical average (20), but opinion on the ability to save has the same time lost three points to -14.
Officers at INSEE interviewed approximately 2,000 households from June 29 to July 19.The survey did not take place in August, the next issue will be published in late September.