French household morale at its highest for 15 months, according to INSEE


The fears of households concerning the evolution of unemployment fell very sharply (-19 points), reaching their “lowest level since the start of the health crisis”, underlines the institute of statistics.

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Optimism at the highest since the start of the health crisis in France. Household morale has “increased markedly” in June, reaching its highest level in 15 months and the start of restrictions linked to the Covid-19 epidemic, according to data published by INSEE on Tuesday, June 29.

The indicator which reflects household confidence in the economic situation rose 4 points to 102 points, going back above its long-term average of 100. In June, more households were optimistic about their situation financial future (+6 points), a level unheard of since June 2007. They are also much more likely to consider it appropriate to make major purchases (+10 points).

At the same time, the share of households considering it appropriate to save fell (-4 points), but remains “very above its average”, details INSEE.

Households’ perception of the economic situation for the next twelve months shows a sharp increase (+8 points), the highest since December 2017. Household fears concerning the evolution of unemployment have fallen sharply (-19 points), reaching their “lowest level since the start of the health crisis”, underlines INSEE.



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