trending Market Intelligence /marketintelligence/en/news-insights/trending/gxjg9c1yyuckplh8t_grig2 content esgSubNav
In This List

French household consumption rebounds over cold snap in February

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


French household consumption rebounds over cold snap in February

French household expenditure on goods rebounded in February after two consecutive months of declines, according to the National Institute of Statistics and Economic Studies.

In terms of volume, household consumption expenditure, excluding manufactured goods, rose 2.4% in February after a 1.9% decline in January. The recovery was mainly driven by an increased heating expenses. Energy consumption leaped by 8.9% in a colder February, following a 6.4% dive in a mild January.

Consumption of food products excluding tobacco rose 1.1% in February, while increasing 2.3% for refined products.

On an annual basis, household consumption expenditure on goods, excluding manufactured goods, jumped 1.9% in February. Spending on textile clothing fell 1.6% year on year while rising 2.1% for durable engineered goods.