French consumers go on a spending splurge

22nd February 2005, Comments 0 comments

PARIS, Feb 22 (AFP) - French consumers splurged on everything but cars in January, pushing household consumption up by 1.5 percent from December and by 3.8 percent on an annual basis, figures released Tuesday by the national statistics institute Insee showed.

PARIS, Feb 22 (AFP) - French consumers splurged on everything but cars in January, pushing household consumption up by 1.5 percent from December and by 3.8 percent on an annual basis, figures released Tuesday by the national statistics institute Insee showed.

Revised data provided by Insee also indicated that a drop seen in December had improved slightly, but still showed a decrease of 0.4 percent.

When automobiles, health products and spare parts were excluded, the monthly rise in January was 2.3 percent, reversing a drop of 0.2 percent in December.

Car purchases fell however by 2.8 percent in January, adding to a decrease of 0.6 percent one month earlier.

Sales of durable household goods shot up by 3.8 percent, Insee said, after a slight decline of 0.1 percent in December.

© AFP

Subject: French News

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