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Article: French consumer spending advances 1.5%
- Article from:
- China Daily
- Article date:
- December 22, 2004
- Author:
CopyrightCopyright 2004 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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Household spending in France, Europe's third-largest economy, rose
the most in five months in November on purchases of cars and home
appliances, underpinning expectations for a recovery in consumer
demand this quarter.
Purchases of manufactured goods increased 1.5 per cent from
October, when they climbed a revised 0.6 per cent, Paris-based
statistics office Insee said yesterday. Economists polled by
Bloomberg expected a 0.1 per cent gain, the median of 23 forecasts
showed.
The bigger-than-forecast increase may reflect former Finance
Minister Nicolas Sarkozy's initiative allowing workers to withdraw
cash from employee-savings plans. A rebound in household demand, the
biggest part of the ...