Consumer spending in France fell by the highest amount in nearly two years in November – partly due to the unusually warm weather according to
ADVERTISEMENTConsumer spending in France fell by the highest amount in nearly two years in November – partly due to the unusually warm weather according to reports.
But there was little sign that the Paris terrorist attacks had put people off making purchases.
Official data said consumer spending fell by 1.1 percent last month compared to October; economists had expected a slight increase.
The French statistics agency INSEE blamed a fall of around five percent overall in energy consumption and sales of new clothes.
The warm temperatures could hit fourth-quarter growth too.
A separate GDP report says increased household spending in the third quarter helped the French economy grow 0.3 percent.
