Market Updates: French Consumer Spending Jumps to 1.2%
According to the National Institute of Statistics and Economic, the French consumer spending soared to 1.2% beating the economists....
Arslan Butt•Thursday, February 28, 2019•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.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
ABOUT THE AUTHOR
See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
Related Articles
Comments
0
0
votes
Article Rating
Subscribe
Login
Please login to comment
0 Comments
Oldest
Newest
Most Voted
Inline Feedbacks
View all comments
Sidebar rates
HFM
Related Posts
Doo Prime
XM
Best Forex Brokers
