French consumer spending remained unchanged in September after rising in the previous months, figures from the statistical office INSEE showed Friday.
Consumer spending in volume showed no variations in September after a 0.1 percent slight rise in August, which was revised from a flat reading.
In September, purchases of durable goods grew strongly by 1.4 percent, driven by an increase in car sales.
In contrast, food consumption declined for the third successive month in September, mainly because of meat consumption. Expenditure on textile, clothing and leather fell by 0.4 percent after a stability in August.
At the same time, energy consumption broadly unchanged in September. It edged down 0.1 percent from the prior month.
On an annual basis, consumer spending grew 2.6 percent in September.
The material has been provided by InstaForex Company – www.instaforex.com