2017.08.2903:36:00UTC+00French Consumer Spending Rebounds In July

France's consumer spending increased in July after falling in the prior month, figures from the statistical office INSEE showed Tuesday.

Consumer spending climbed 0.7 percent month-over-month in July, reversing a 0.7 percent drop in June.

Consumption on engineered goods bounced back by 1.2 percent in July, following a 0.7 percent drop in the prior month. Similarly, total food consumption rose 0.8 percent after a 1.0 percent fall.

Meanwhile, energy consumption fell for the second straight month by 0.5 percent.

On a yearly basis, consumer spending grew 2.1 percent in July, above the 1.6 percent increase economists had expected.