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Frugality still the order of the day for French consumers

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Frugality still the order of the day for French consumers

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The French are tightening their purse strings, according to new data that shows a surprise drop in consumer spending for February. Analysts had expected a slight increase but figures show 1.2 percent less was spent on manufactured goods month on month. That comes on the back of a drop of 2.5 percent in January, a sign that the eurozone’s second economy is continuing its sluggish start to 2010.