Thu, Oct 21, 2021 @ 17:23 GMT
HomeLive CommentsFrance consumer spending dropped -2.2% mom in Jul, GDP rose 1.1% qoq...

France consumer spending dropped -2.2% mom in Jul, GDP rose 1.1% qoq in Q2

France consumer spending dropped -2.2% mom in July, below expectation of 0.7% mom rise. This decrease came from the fallback in purchases of manufactured goods (–2.7%) and the sharp drop in food consumption (–2.9%). Energy expenditure, meanwhile, increased moderately (+1.0%).

GDP grew 1.1% qoq in Q2 in volume term better than expectation of 0.9% qoq. GDP closed one quarter of the gap to is pre-crisis level at the end of 2020. It stood -3.2% below its level in Q4 2019.

Featured Analysis

Learn Forex Trading

Range Trading Explained

How to Know if a Strategy Works

Algorithmic Trading Strategies

Five Rules Around Managing Risk