empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

2019.03.2904:27:00UTC+00France Household Consumption Unexpectedly Declines In February

France's household consumption decreased in February, defying expectations for further increase, as expenditure on food and energy declined, preliminary data from the statistical office INSEE showed on Friday.

Household consumption fell 0.4 percent month-on-month, while economists were looking for a 0.2 percent gain.

January's 1.2 percent gain was revised up to 1.4 percent. Consumption shrunk 1.5 percent in December.

Spending on food decreased for a second straight month, down 0.1 percent in February after a 0.9 percent slump in January.

Expenditure on energy decreased 3.3 percent after a 6.5 percent surge at the start of the year, mainly due to the drop in electricity consumption, thanks to mild temperatures.

Purchases of engineered goods increased 0.6 percent. Spending on durable goods increased 0.6 percent, driven by a rise in second-hand car purchases.

On a year-on-year basis, household consumption fell 1.8 percent in February.



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off