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French consumer spending jumps in June

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French consumer spending jumps in June

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The French went on a shopping spree in June and the country enjoyed the largest rise in consumer spending since January.

Sales of manufactured goods rose 1.4 percent month-on-month. In May they had fallen 0.2 percent. Analysts said that was a sign the euro zone’s second largest economy may be moving closer to recovery. Consumption accounts for over half of France’s gross domestic product.