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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