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Economy in Brief

French Consumer Begins To Feel Less Stressed
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
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