French consumer spending fell in March as demand for energy declined and households reduced food purchases.
Spending declined 2.9 percent from February, when it rose a revised 2.9 percent, national statistics office Insee said today in an e-mailed statement. Economists expected a drop of 1.9 percent, according to the median of 15 estimates gathered by Bloomberg news.
“After a month of February with a marked increase because of heating expenses linked to a cold spell, household energy consumption plunged in March,” Insee said. “Food spending fell back after two consecutive months of increase.”
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