France’s household consumption surged in May after a decline in April that was due to a third lockdown to curb the spread of the [coronavirus][1], preliminary data from INSEE showed Wednesday.
Household spending rose 10.4 percent from April, when it fell 8.7 percent.
The latest rebound was mainly driven by a 26.0 percent jump in the manufactured goods purchases as all stores reopened on May 19. Spending on clothing and textiles surged 149.2 percent.
Purchases of durable goods rose 11.3 percent and spending on engineered goods grew 15.2 percent.
Spending on energy grew 2.6 percent after stagnating in previous months as travel restrictions ended early May. Expenditure on food was stable.
On a year-on-year basis, household spending rose 7.4 percent in May.
For comments and feedback contact: editorial@rttnews.com
[Economic News][2]
What parts of the world are seeing the best (and worst) economic performances lately? Click[here][3] to check out our [Econ Scorecard][3] and find out! See up-to-the-moment rankings for the best and worst performers in [GDP][4], [unemployment rate][5], [inflation][6] and much more.
- www.rttnews.com/list/coronavirus.aspx
- www.rttnews.com/Content/EconomicNews.aspx
- www.rttnews.com/economic-scorecard/world-rank/retail-sales/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/GDP/highest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/unemployment-rate/lowest-performance.aspx
- www.rttnews.com/economic-scorecard/world-rank/CPI/highest-performance.aspx