French Consumer Spending Drops in March

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The FINANCIAL — French consumer spending slipped in March after four consecutive months of increases, data from statistics agency Insee showed on April 30, according to Nasdaq.

Consumer spending in the eurozone’s second-largest economy fell by 0.6% on the month in March as energy consumption sunk 3.2% and households spent less on manufactured goods, home furnishings and clothes.

However, despite this consumer spending rose 2.1% on the year.

After an expansion in January and February, consumer spending was 1.6% higher in the first quarter than the same period of 2015–the sharpest rise since 2009.

 

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