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BREAKING NEWS

French shop less in August

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French shop less in August

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French consumer spending fell in August.

It was much worse than economists had predicted – down one percent month-on-month – as shoppers bought fewer clothes, shoes and cars. France, along with Germany, surprised financial markets with a return to economic growth in the second quarter of this year. That was led by a rise in consumer spending, but economists fear rising unemployment could yet threaten the fragile recovery.