This is the paradox of the moment. The French means and modest have never been so measures in favour of purchasing power in a time-limited, but the consumer does not feel. "We expected that consumption was solid in the second quarter, reflecting increases in income generated by the support measures of the purchasing power taken by the government since mid-December," admits, a little piqued, the chief economist of HSBC, Chantana Sam.

The increase of 100 euros in the premium of the activity, the cancellation of the increase of the CSG on pensions of between 1200 and 2000 euros, the exemption of taxes and social security contributions on overtime hours, the hardship grants paid by the companies... so, Where are passed the 8 billion euro granted to households by Emmanuel Macron, in mid-December, in the midst of a crisis of the "yellow vests"? It would be strange that the highest increase of purchasing power seen since 2007, and ...