Household consumption expenditure on goods in France fell 0.1 percent from a month earlier in June 2019, following a downwardly revised 0.3 percent gain in the previous month and missing market expectations of a 0.2 percent rise. Food consumption dropped 1.1 percent after increasing 0.2 percent in May, mainly due to a decline in both agricultural goods and processed agri-food products. Meanwhile, energy consumption rose (0.2 percent vs a flat reading) driven by a rebound in refined products; and manufactured good purchases advanced further (0.7 percent vs 0.5 percent) boosted by durable good purchases, textile-clothing and other manufactured good. Personal Spending in France averaged 0.12 percent from 1980 until 2019, reaching an all time high of 5 percent in June of 1995 and a record low of -5.20 percent in July of 1995.
Personal Spending in France is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in France to stand at -0.20 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.