French consumer spending drops in Jan on weak car sales

Newswire

PARIS, Feb 28 (Reuters) - French consumer spending dropped by a steeper-than-expected 0.8 percent in January as car sales slumped, data showed on Thursday, underlining the malaise in an economy teetering close to recession. Analysts polled by Reuters had expected household spending, a key motor of the French economy, to dip 0.2 percent. The INSEE official statistics office said car sales dropped 11.7 percent in January, after a 5.6 percent rise in ...

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