The FINANCIAL — French consumer spending rose less than expected in April as households pared back spending on durable goods, data showed on May 29, according to Nasdaq.
Consumer spending in the eurozone’s second largest economy rose 0.1% in April from March and was 2% higher than April 2014, the statistics agency Insee said.
Economists polled by The Wall Street Journal had forecast a 0.2% rise on the month and a 2.5% rise on the year. Insee also revised down the March figure to a drop of 0.7% instead of 0.6% previously.
Consumers spent more on food and clothing in April than in March, but less on large purchases. Outlays on housing fell 0.2% on the month and durable goods spending dropped 0.4%.
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