France Household Spending Rebounds In January

Posted On 28 Feb 2019

France’s household spending grew in January after a decline in the previous month, mainly driven by strong expenditure on energy, preliminary data from the statistical office INSEE showed on Thursday.

Household spending grew 1.2 percent from December, when it decreased 1.5 percent. Economists had forecast a 1.1 percent increase.

Spending on energy grew 5.4 percent following a 4.3 percent slump in December. Expenditure on engineered goods grew 1.4 percent after a 1.9 percent decline.

In contrast, food consumption decreased 0.9 percent after a 0.5 percent increase in December.

On a year-on-year basis, household spending grew 1 percent in January.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: France Household Spending Rebounds In January

About the Author

InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support