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 ...

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