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French consumer spending rose sharply in June
31.07.2020, 07:00

French consumer spending rose sharply in June

According to the report from INSEE, in June 2020, household consumption expenditure on goods exceeded its February level (+2.3% in volume compared to February) after declining strongly during the lockdown period. This increase was mainly driven by manufactured good consumption (+5.8% compared to February). However, energy spending remained lower than in February (–1.8%). Food consumption, after going beyond its February level during the lockdown, almost returns to it in June (+0.2%).

Over the whole second quarter of 2020, household consumption on goods fell sharply (–7.1% after –6.8% in the first quarter).

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