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Definition – The composite household confidence index summarizes households’ views on the economic situation: the higher its value, the more favorable households’ judgment of the economic situation is. The index is calculated using factor analysis techniques, which allows summarizing the concomitant movement of highly correlated variables. The index here describes the common factors of 8 opinion balances: the past and future general economic situation in France, the past and future personal financial situation, the unemployment rate, major purchase intentions, current saving capacity and expected saving capacity.
Calculation method – For each question, the balance of opinion is calculated as the difference between the percentage of positive and negative answers. Since the level of these balances cannot be directly interpreted, comments are based on their changes and their distance from the long-term average. The seasonal coefficients are recalculated monthly, so the seasonally adjusted balance history is slightly modified with each release.
Approximately 2,000 households were surveyed by phone during the first three weeks of each month. Responses to this survey were collected between June 25 and July 18, 2024; most households responded within the first two weeks of collection.
The investigation is part of a coordinated European programme of joint business and consumer investigations and is partly funded by the European Commission.
Next post: August 28, 2024 at 8:45 am.
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