The French are more concerned about their future financial position and future savings capacity.
Le Monde with AFP
The worry resurfaces. The morale of households goes down in October, the French people worried more about their future financial situation and their future savings capacity, reported the National Institute of Statistics and Economic Studies (INSEE) Wednesday, October 27 . The synthetic indicator measuring this confidence fell to 99, below its long period of time which is 100, and when it was 101 in September, details INSEE
In October, while inflation grows significantly and that energy prices burst, “the share of households who consider that the standard of living in France will improve in the next twelve months is In decline, “says INSEE in its communiqué.
” Prices will increase “
The share of households that considers prices have increased over the last twelve months is “very sharp rise” and reaches its highest level since 2012. “Households believing that prices will increase in the next twelve. months are also more numerous in October, “says the press release.
Result, those who believe that their financial situation will deteriorate are more numerous and the proportion of households considering making significant purchases decreases, even if it still remains slightly above its long period of time. And the share of those who think that their future savings capacity will decrease sharply.
With regard to employment, the fear of unemployment continues to decrease sharply: this fear is “very below its long period of time”.