The 2012 French presidential election has been framed by economic issues. This paper assesses the impact of the perceptions of economic condi- tions on voting decisions for this election. Building firstly on the concept of retrospective sociotropic economic voting, we show that the impact of eco- nomic conditions is statistically significant but with a limited power of explanation. Looking secondly at the link between economic attitudes and voting decisions, we find stable patterns comparable to previous results. Yet, public debt appears for the first time as a vector of issue voting. In total, the limited negative impact of economic conditions on the support for Nicolas Sarkozy has been partially compensated by the emergence of the issue of budgetary orthodoxy.