Market Updates: French Consumer Spending Jumps to 1.2%
Arslan Butt • 1 min read
According to the National Institute of Statistics and Economic, the French consumer spending soared to 1.2% beating the economist forecast of 1.1%. It’s the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
Potential Impact: A rise in consumer spending leads to an increased inflation rate. Both trigger a hawkish monetary policy sentiment from the European Central Bank.