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European Economic News

French Consumer Spending Unexpectedly Fall In September

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

France's consumer spending declined unexpectedly in September, down for a second consecutive month, data released by the statistical office INSEE showed on Thursday.

Household spending fell 0.1 percent from August, when they decreased 0.3 percent, which was revised from an initially reported 0.4 percent decline.

In July, spending grew 0.4 percent. Economists had expected consumer spending to rise 0.3 percent in September.

Spending on food products, textile-leather, energy and petroleum products declined in September. Expenditure on engineered goods including automobiles and household durables increased.

On a year-on-year basis, consumer spending fell 0.1 percent in September. Economists had expected sales to rise 0.2 percent.

In the third quarter, household spending declined 0.1 percent, after rising 0.3 percent in the previous three months, the agency said.

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