French Consumer Spending Climbs In August As Shoppers Splurge In Sales
French consumer spending rose 2.3% in August, defying market expectations for a second straight month of falling expenditure, official data showed on Wednesday.
The average forecast in a Reuters poll of economists had been for a 0.2% fall in spending. Spending fell 0.9% in July.
Consumers spent €49 billion, the highest volume in more than a decade, the data showed.
The quicker pace was driven by an increase in food purchases and a surge in spending on clothing during delayed summer sales. Diesel and petrol consumption decreased on the previous month.