France October consumer spending +3.7% vs +3.5% m/m expected

News

Latest data released by INSEE – 27 November 2020

  • Prior -5.1%; revised to -4.4%
  • Consumer spending +2.7% vs +1.8% y/y expected
  • Prior -1.3%; revised to -0.8%

French consumer spending bounced back in October after the drop towards the end of Q3, but this is all before tighter restrictions were introduced. So, there isn’t much to really gather from this as the focus is more on the outlook now amid the uncertain virus situation.
For bank trade ideas, check out eFX Plus

Articles You May Like

GBPUSD breaks higher. The next key target area between 1.2596 and 1.26147
The USDCAD briefly trades above April 2020 high at 1.4264 but reverses
The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Inflation data the focus in Europe before the Fed later today
Major European shares close marginally higher

Leave a Reply

Your email address will not be published. Required fields are marked *