French household consumption expenditure on goods jumped 9 percent from a month earlier in June of 2020, after an upwardly revised 37.4 percent jump in May and much better than market forecasts of a 3.2 percent raise, as the consumers started to shop again following coronavirus lockdowns. In fact, household spending surpassed the February level by 2.3 percent, as the increase in purchases of manufactured goods (5.8 percent) and food (0.2 percent) more than offset lower energy spending (-1.8 percent compared to February). Considering the first quarter, household spending went down 7.1 percent.
Personal Spending in France averaged 0.14 percent from 1980 until 2020, reaching an all time high of 37.40 percent in May of 2020 and a record low of -18.70 percent in April of 2020. This page provides - France Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. France Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: INSEE, France
Personal Spending in France is expected to be -1.80 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 0.90 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.