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French household spending rebounds in April

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French household spending rebounds in April

French households' spending on goods rose 0.8% month over month in April in trading-day and seasonally adjusted volume terms, after declining 0.3% in March, the country's National Institute of Statistics and Economic Studies said.

The rise was primarily driven by a rebound in energy consumption, which increased 4.0% in April after falling 2.6% in March. Additionally, food consumption rose 0.8% in April after falling in the first three months of 2019.

Including manufactured goods, household spending increased 0.2% in April, rebounding from a 0.2% decline a month ago but missing the Econoday consensus estimate of a 0.4% rise.

Spending on manufactured goods saw its first decline this year of 0.4%, owing to a decline in spending on textile clothing and other engineered goods by 1.5% and 0.3%, respectively.