France's household consumption expenditure on goods edged up 0.1 percent from a month earlier in November 2019, following a 0.2 percent increase in the previous month and missing market expectations of a 0.3 percent gain. Spending advanced for manufactured goods (0.5 percent, the same pace as in October) and energy (1.2 percent vs -1.5 percent) while food product purchases decreased (-0.8 percent vs 0.8 percent). 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. source: INSEE, France
Personal Spending in France is expected to be 0.70 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 0.60 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.