French statistical office INSEE released its consumer spending data on Friday. French consumer spending rose 0.6% in January, after a 1.0% gain in December. December’s figure was revised up from a 0.7% increase.
The increase was mainly driven by a rise in expenditure on energy. Spending on energy climbed by 3.4% in January.
Spending on food declined 0.8% in January.
On a yearly basis, consumer spending climbed 0.6% in January.
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