French Consumer Spending Drop Reflected By Lower Auto Sales

Newswire

PARIS, Feb 28 (Reuters) - Falling car sales and lower-than-usual energy consumption due to warm weather dragged French consumer spending sharply lower in January from the previous month, weighing on recovery in the consumer-dependent economy. Data from the INSEE statistics office showed spending fell by 2.1 percent in the month and 0.5 percent year-on-year. It was the biggest month-on-month fall since March 2012. With unemployment stuck at 11 percent, consumers reined in spending on durable ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Insights

Dec 6, 2016
Video
WardsAuto

2017 Wards 10 Best Engines: Falling in Love With 6-Cyl. Turbos 2

BMW and Ford each have two stout turbo-6s in the hunt this year, while Infiniti has one. All five are smooth, extremely refined, reasonably fuel-efficient and dishing up loads of horsepower and torque....More

Enewsletters

Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×