French consumer spending rebounds modestly in June

Newswire

PARIS, July 23 (Reuters) - French consumer spending rose 0.5 percent in June after a sharp drop in May, although the rise was below market expectations and hinted at only a modest improvement in the euro zone's second largest economy. National statistics institute INSEE said on Wednesday that consumer spending rose by 0.7 percent year-on-year. The increase in June was driven by a 3.3 percent rise in household purchases of cars, with spending on durable goods and clothing also up. The ...

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