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Economy in Brief
U.S. Current Account Deficit Widens
The U.S. current account deficit rose to $124.1 billion during Q1 2018...
German PPI Sees Pressure, But Core Rate Is Much Less Affected
Germany has a history of being ‘unreasonable’ about inflation...
U.S. Housing Starts Recover to 11-Year High
Total housing starts rose 5.0% (20.3% y/y) during May to 1.350 million units (SAAR)...
U.S. Energy Prices Are Mixed
Retail gasoline prices slipped to $2.88 per gallon last week (+24.2% y/y)...
U.S. Home Builder Index Backpedals
The Composite Housing Market Index from the NAHB-Wells Fargo fell 2.9% (+3.0% y/y) to 68 during June ...
by Robert Brusca May 27, 2009
The French consumer is gradually beginning to feel better. At
a value of -40, confidence is up by a tick in May following a one point
rising trends that is in place for several months.
The index is still low in the bottom 13 percentile of its
range since 1990. Consumers are will as worried as they ever have been
abut unemployment.. Inflation is not a concern. The current financial
situation is in the lower 38Th percentile of its range an improvement
over the bottom 25th percentile for the previous 12-months.
This is yet another reading on the consumer making progress in
the right direction but at a slow pace.
| INSEE Household Monthly Survey | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Since Jan 1990 | Since Jan 1990 | |||||||||
| May 09 |
Apr 09 |
Mar 09 |
Feb-09 | Percentile | Rank | Max | Min | Range | Mean | |
| Household Confidence | -40 | -41 | -42 | -43 | 13.8 | 214 | 10 | -48 | 58 | -19 |
| Living Standards | ||||||||||
| Past 12 Mos | -76 | -76 | -76 | -76 | 6.0 | 216 | 18 | -82 | 100 | -40 |
| Next 12-Mos | -51 | -54 | -59 | -58 | 10.7 | 215 | 16 | -59 | 75 | -21 |
| Unemployment: Next 12 | 88 | 83 | 79 | 81 | 100.0 | 1 | 88 | -37 | 125 | 32 |
| Price Developments | ||||||||||
| Past 12Mo | -17 | -12 | -7 | -2 | 33.1 | 101 | 64 | -57 | 121 | -16 |
| Next 12-Mos | -55 | -53 | -51 | -46 | 5.4 | 224 | 33 | -60 | 93 | -35 |
| Savings | ||||||||||
| Favorable to save | 7 | 9 | 14 | 13 | 28.9 | 220 | 39 | -6 | 45 | 22 |
| Ability to save Next 12 | -20 | -15 | -12 | -18 | 10.3 | 221 | 6 | -23 | 29 | -9 |
| Spending | ||||||||||
| Favorable for major purchase | -28 | -30 | -29 | -33 | 24.1 | 194 | 16 | -42 | 58 | -14 |
| Financial Situation | ||||||||||
| Current | 11 | 12 | 12 | 11 | 38.1 | 116 | 24 | 3 | 21 | 12 |
| Past 12 MOs | -28 | -27 | -28 | -29 | 25.8 | 214 | -5 | -36 | 31 | -17 |
| Next 12-Mos | -17 | -18 | -20 | -20 | 20.0 | 213 | 11 | -24 | 35 | -2 |
| Number of observations in the period : 226 | ||||||||||
