French consumer spending rises in JanuaryStaff Writer | February 28, 2017
French consumer spending rebounded in January on a jump in household spending on heating which offset continued weakness in demand for manufactured goods.
Buying in France Weakness in demand for manufactured goods
Insee revised the December figure down to -1% from -0.8% previously.
Energy spending rose 5.1% on month in January, fueled by a rise in heating demand as France recorded the coldest start to the year in seven years, Insee said.
Spending on heating helped to mask continued weakness in the manufactured goods segment. Household spending on manufactured goods declined 1% on month after a 0.7% decline in December. ■