Household consumption expenditure on goods in France increased 0.8 percent from a month earlier in April 2019, rebounding from an upwardly revised 0.3 percent fall in the previous month and beating market expectations of a 0.4 percent gain. Energy spending rose 4 percent, after dropping for two consecutive months, driven by gas and electricity due to a return to seasonal temperatures and food consumption went up 0.8 percent led by meat and other processed products. Meanwhile, spending on manufactured goods declined for the first time in the year (-0.4 percent) in particular by purchases of textile-clothing (-1.5 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.
Personal Spending in France is expected to be -0.30 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 -0.40 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.