Household consumption expenditure on goods in France fell 0.4 percent from a month earlier in February 2019, following an upwardly revised 1.4 percent growth in January and missing market expectations of a 0.2 percent gain. Energy expenditure fell sharply (-3.3 percent) and food consumption was almost unchanged (-0.1 percent), while engineered good purchases increased (0.6 percent). Personal Spending in France averaged 0.12 percent from 1980 until 2019, reaching an all time high of 5.40 percent in June of 1995 and a record low of -5.60 percent in July of 1995.
Personal Spending in France is expected to be -0.40 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 0.70 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.60 percent in 2020, according to our econometric models.