Household consumption expenditure on goods in France rose 0.4 percent from a month earlier in July 2019, recovering from a revised 0.2 percent contraction in June and slightly beating market expectations of 0.3 percent gain. Manufactured good consumption increased for the third consecutive month (0.6 percent vs 0.5 percent in June), driven in particular by durable good purchases (1.6 percent vs 0.5 percent) while clothing consumption dropped (-1.2 percent vs 0.7 percent). In addition, food consumption rebounded slightly (0.3 percent vs -1.3 percent) due to the consumption of processed agri-food products; and energy consumption increased slightly for the second month in a row (0.3 percent vs 0.4 percent). Personal Spending in France averaged 0.12 percent from 1980 until 2019, reaching an all time high of 5 percent in June of 1995 and a record low of -5.20 percent in July of 1995.
Personal Spending in France is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in France to stand at -0.20 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.