FX.co ★ French Consumer Spending Stalls at 0.2% Growth for Second Consecutive Month in August 2024

According to the latest data released on 27 September 2024, French consumer spending remained unchanged at a growth rate of 0.2% for the month of August. This marks the second consecutive month where consumer spending growth has stayed at this level, with the same percentage recorded in July 2024.

The month-over-month comparison indicates that the French economy might be facing some headwinds, as the expected uptick in consumer spending did not materialize. Analysts were hoping to see a more robust increase that would signal stronger consumer confidence and heightened economic activity.

Despite the stagnation, the 0.2% growth figure avoids negative territory and suggests a steady, albeit slow, pace in consumer expenditure. Economic planners and market watchers will be closely monitoring the upcoming months to see if this trend continues or if consumer spending will experience the anticipated growth.