Household spending in France sank 4.6 percent month-over-month in January of 2021, following a downwardly revised 22.4 percent surge in December and worse than market forecasts of a 3.5 percent drop. The decline in January is mainly due to a drop in consumption of manufactured goods (-12.9 percent). After a particularly dynamic December with the reopening of all stores and the postponement of "Black Friday", the backlash in January was undoubtedly amplified by the postponement of sales and the strengthening of the curfew. On the other hand, spending on energy (6.3 percent) and food (1.7 percent) increased. source: INSEE, France
Personal Spending in France averaged 0.14 percent from 1980 until 2021, reaching an all time high of 36.50 percent in May of 2020 and a record low of -18.40 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 March of 2021.
Personal Spending in France is expected to be 1.00 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 0.60 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.