The purchasing power of household gross disposable income (GDI) in the main Eurozone economies has experienced major quarterly variations over the last two years. It fell back in spring 2020, with the decline in income linked to the first lockdown, before rebounding from summer 2020. However, recent quarters have been impacted by high inflation, which, despite government aid put in place in the diff erent countries, hampers purchasing power. In this context, household economic surveys suggest a form of wait-and-see with balances of opinion in decline in terms of consumption but high in terms of savings...