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Home>French Consumer Spending Declines in August, Missing Expectations

French Consumer Spending Declines in August, Missing Expectations

French Consumer Spending Declines in August, Missing Expectations

09/29/2017

By William Horobin

 

PARIS--French consumer spending was weaker than expected over the summer, statistics showed Friday, indicating that the eurozone's second-largest economy may be losing the momentum it built in the first half of the year.

Consumer spending in the eurozone's second-largest economy fell 0.3% on month, national statistic agency Insee said. That was below the 0.1% expansion expected by economist polled by The Wall Street Journal.

Insee also revised July's consumer spending figure down slightly to a 0.6% on-month expansion, from 0.7% previously.

In August, French consumers spent less on food than in July, while growth in spending on clothes and home furnishings slowed sharply, Insee's figures showed.

 

Write to William Horobin at william.horobin@wsj.com

 

(END) Dow Jones Newswires

September 29, 2017 03:12 ET (07:12 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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