France's household consumption expenditure on goods jumped 36.6 percent from a month earlier in May 2020, recovering from a record 19.1 percent slump in April and beating market expectations of a 30 percent growth. That was the largest increase in consumption since comparable records began in 1980 as the economy reopened following weeks of lockdown. Still, household consumption was 7.2 percent below its February level.
Personal Spending in France averaged 0.12 percent from 1980 until 2020, reaching an all time high of 36.60 percent in May of 2020 and a record low of -19.10 percent in April of 2020. This page provides - France Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. France Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: INSEE, France
Personal Spending in France is expected to be 3.20 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 1.00 in 12 months time. In the long-term, the France Household Consumption MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.