Livret A net inflows reached 5.47 billion euros in April compared to 2.71 billion in March. This brings the net inflow since the beginning of the year for the Livret A and the Sustainable and inclusive development passbook to 17.3 billion euros, already more than in 2019 as a whole.
As expected, after the words of Eric Lombard, the managing director of the Caisse des Dépôts, on May 14, the net inflow on the Livret A reached, in April, a record level. It rose to 5.47 billion euros from 2.71 billion in March, and just under two billion a year earlier.
Collection on the Sustainable and Solidarity Development Booklet (LDDS) also stood at an historic monthly level, at 1.93 billion euros.
This brings net inflows since the start of the year for the two regulated media to 17.3 billion euros, already more than in 2019 as a whole.
This jump can be explained by the drop in consumption caused by containment measures. Unable to spend, French households naturally saved, and they turned to their favorite and safest investment, the Livret A.
It remains to be seen now if they will use this savings to consume again, now that the containment has been lifted, or if they will keep this precautionary behavior. For fear in particular of the economic crisis and the rise in unemployment that are looming.
Many voices have been heard within public authorities and economic circles to encourage the French to return to the stores and thus contribute to the recovery. Verdict this summer.
In any event, the director general of the Caisse des Dépôts, during his hearing in the Senate, reassured about the use of these sums: “This savings does not sleep, it is fully used to support our economy. The activity of financing social housing continues, while the activity of financing local authorities has increased significantly. “