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- French consumer spending rose sharply in June
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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