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FR: Consumer Mfgd Goods Consumption
| Actual | Previous | Revised | |
| Month over Month | 0.0% | 0.5% | 0.4% |
| Year over Year | 0.4% | 0.0% |
Highlights
After spending 0.4 percent more on manufactured goods in June, French consumers tightened their purse strings in July, with spending flat. Compared to July of last year, spending was up a modest 0.4 percent.
Spending on clothing and textiles was 2.0 percent below June, the slowest pace since decreasing 4.7 percent in October of last year, and down 1.3 percent from July of last year. This was partially attributed to summer sale prices not being marked down as much as in previous years.
However, spending on durables goods was up 0.7 percent in July, coming on the heels of a 0.9 percent gain the previous month. Including household durables, spending increased 2.2 percent on the month, helped by spending on household appliances and communications equipment.
Spending on durable goods including transportation fell 0.6 percent after a 2.6 percent month-on-month gain in June, likely due to a pullback in the purchase of new cars.
Overall, consumers were helped by a decline in energy prices which fell 1.7 percent in July after a 3.4 percent increase in June, mainly due to a 3.3 percent fall in outlays for petroleum products. Taking this into account, consumer spending fell 0.3 percent on the month after a 0.4 percent increase in June.