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    29.01.2016 11:16 French consumer spending rises 0.7% in December

    French statistical office INSEE released its consumer spending data on Friday. French consumer spending rose 0.7% in December, after a 1.4% drop in November. November's figure was revised down from a 1.1% decline.

     

    The increase was mainly driven by a rise in purchases of engineered goods. Spending on engineered goods climbed by 1.6% in December, driven by higher textile-clothing purchases.

     

    Spending on food rose 1.2% in December, while spending on energy fell 2.5%.

     

    On a yearly basis, consumer spending climbed 0.3% in December.

     

    In 2015 as whole, consumer spending rose 1.8%, driven by the rebound in energy consumption.


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