Recent Updates
- US: Consumer Credit, Wholesale Trade (Jun), Employment Situation (Jul)
- Global Sector PMI (Jul)
- International Surveys: WMA Investor Outlook Survey (Jul)
- Mauritius: CPI (Jul)
- more updates...
Economy in Brief
U.S. Consumer Credit Usage Increases
Consumer credit outstanding increased $9.0 billion during June...
Wholesale I/S Ratio Returns to More Typical Recessionary Levels in June
Wholesale inventory-to-sales ratio falls to 1.38 in June...
German IP on the Mend
June provides the last observation to complete second quarter data...
U.S. Initial Claims for Jobless Insurance Benefits Decline Sharply
Initial claims for state unemployment benefits fall to four-month low...
German Orders Surge in June
German orders made a spectacular comeback in June...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
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 | ||||||||||
