French household expenditure on goods fell 0.3 percent from a month earlier in November 2018, following an upwardly revised 0.9 percent growth in the previous month and worse than market expectations of a 0.1 percent drop. This decline was particularly explained by the decrease in food consumption (-0.5 percent vs 0.9 percent in October), in particular agri-food products, and engineered goods purchases (-0.6 percent vs 0.8 percent), such as durables (-1.1 percent vs 1 percent) including transport equipment and household durables, and textile & clothing (-0.1 percent vs 1.2 percent). Meanwhile, energy consumption advanced at a slower pace (0.7 percent vs 1.5 percent) boosted by spending on gas & electricity (2.1 percent vs -0.9 percent) while fuel consumption declined (-1 percent vs 4.4 percent). Personal Spending in France averaged 0.12 percent from 1980 until 2018, reaching an all time high of 5.40 percent in June of 1995 and a record low of -5.60 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 0.50 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.