September 27, 2019 / 6:55 AM / 2 months ago

French consumer spending unexpectedly stalls in August

PARIS, Sept 27 (Reuters) - French consumer spending growth flatlined in August from July, falling short of expectations for a slight increase, data from the INSEE official statistics agency showed on Friday.

The result, which followed an increase of 0.4% in July, missed economists’ average forecast for an increase of 0.3% in a Reuters poll.

Overall spending was unchanged as households’ energy bills dropped 1.3% and spending on food fell 0.9%, offsetting an increase of 0.3% on manufactured goods, said INSEE.

Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta

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