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French consumer spending falls 0.1% in August

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Investing.com - " Consumer spending in France fell unexpectedly in August, underlining concerns over the health of the euro zone's second-largest economy, official data showed on Thursday.

In a report, INSEE said that French consumer spending fell by a seasonally adjusted 0.1% in August, disappointing expectations for a 0.3% increase.

Consumer spending in July was revised to a decline of 0.3% from a previously reported drop of 0.4%.

Following the release of the data, the euro held on to losses against the U.S. dollar, with EUR/USD falling 0.28% to trade at 1.3697.

Meanwhile, European stock market futures pointed to a lower open, after the Federal Reserve was less pessimistic than expected in its assessment of the economy, following its latest policy meeting.

The EURO STOXX 50 futures pointed to a loss of 0.45% at the open, France's CAC 40 futures dipped 0.4%, London's FTSE 100 futures indicated a drop of 0.35%, while Germany's DAX futures pointed to a loss of 0.3% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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