Consumer spending in France drops against expectations

Note: This section contains information in English only.
Source: RTT News
© Scanpix/Reuters
French households' consumption declined 0.4% in August on a monthly basis, while analysts forecasted the consumption to add 0.3% after July gain of 0.4%. It is worth pointing out that the French bought 0.7% less food and 1% less energy products, while spending on durable goods decreased only by 0.3%. On the annual basis spending slumped 0.1% against 0.3% increase expectations.
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