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French Consumer Spending Unexpectedly Stalls In August

By Dayeeta Das
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French Consumer Spending Unexpectedly Stalls In August

French consumer spending growth flatlined in August from July, falling short of expectations for a slight increase, data from the INSEE official statistics agency showed on Friday.

The result, which followed an increase of 0.4% in July, missed economists' average forecast for an increase of 0.3% in a Reuters poll.

Overall spending was unchanged as households' energy bills dropped 1.3% and spending on food fell 0.9%, offsetting an increase of 0.3% on manufactured goods, said INSEE.

News by Reuters, edited by ESM. Click subscribe to sign up to ESM: European Supermarket Magazine.

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