in Spite of the measures announced in the wake of the "yellow vests" by the government, in order to strengthen the purchasing power, the savings rate of French is increasing since the end of 2018. Last June, the Bank of France indicated that on the last three months of 2018 and the first three of 2019, the gains in household purchasing power had reached 8.5 billion euros... but the French had increased their consumption of 3.1 billion euros. In short, that they had placed nearly two-thirds of side.
Lag between the time households perceive the purchasing power and the time they spend
"Patience...", said the economists. There is usually a time lag between the time households perceive the purchasing power and the time they spend. You don't buy for the simple pleasure of purchase! But figures published on Tuesday by the Insee poll: the French are today more numerous to estimate that it is "desirable to save", according to the monthly survey of the climate of confidence. In other words, they may well remain the ants any time... unless the back does remind of another reality.
For the time being, this does not help obviously not the business of the French growth, the money going to savings rather than in consumption. According to the latest Consensus Forecast that has just been released, the economic institutes and research departments of banks provide on average a growth of 1.3% this year and 1.2% in 2020.
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"It must be that the French are investing more of their savings in our business" - to Look on Figaro LiveUpdated Date: 29 August 2019, 00:00