French Consumer Spending Rises Less Than Expected
May 29 2015 - 3:25AM
Dow Jones News
By William Horobin
PARIS--French consumer spending rose less than expected in April
as households pared back spending on durable goods, data showed
Friday.
Consumer spending in the eurozone's second largest economy rose
0.1% in April from March and was 2% higher than April 2014, the
statistics agency Insee said.
Economists polled by The Wall Street Journal had forecast a 0.2%
rise on the month and a 2.5% rise on the year. Insee also revised
down the March figure to a drop of 0.7% instead of 0.6%
previously.
Consumers spent more on food and clothing in April than in
March, but less on large purchases. Outlays on housing fell 0.2% on
the month and durable goods spending dropped 0.4%.
Write to William Horobin at william.horobin@wsj.com