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Household confidence fell sharply in November, the pessimism of the French on the evolution of their standard of living, illustrated by the movement of yellow vests, combining with a net increase of fears on unemployment, according to data released Tuesday by INSEE.
The indicator summarizing this confidence in the economic situation has lost three points on the month to return to 92, its lowest level since February 2015, while economists polled by Reuters on average expected 94 points. It is well below its long-run average, set at 100. The November survey shows a sharp drop in household share, which believes that the future standard of living in France will improve over the next 12 years. next few months, a pessimism whose movement of yellow vests echoes.
This trend comes as October was marked by the second drop in employee contributions and many households were able to benefit from a drop in their housing tax this month. At the same time, household fears about unemployment trends are rising sharply. The corresponding balance gained 21 points and is at its highest level since November 2016 but remains below its long-term average.
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