Seeking Alpha

French consumer spending tumbles

  • French consumer spending dropped 2.1% on month in January after rising 0.2% in December and missed forecasts that were +0.2% also. (PR)
  • Producer prices -0.6% vs +0.2% a month earlier. (PR)
  • The CAC 40 (EWQ) is +0.1%.
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Comments (4)
  • mitrado
    , contributor
    Comments (2025) | Send Message
     
    And here we are again, expecting that people with miserable salaries who can barely pay their bills... start spending like there's no tomorrow. Unbelievable.
    28 Feb 2014, 03:13 AM Reply Like
  • justaminute
    , contributor
    Comments (972) | Send Message
     
    Expecting people on the government dole to have disposable income.
    28 Feb 2014, 03:28 AM Reply Like
  • mitrado
    , contributor
    Comments (2025) | Send Message
     
    It's not only the government. Most corporations are paying their employees just enough to cover their monthly expenses.
    28 Feb 2014, 03:32 AM Reply Like
  • justaminute
    , contributor
    Comments (972) | Send Message
     
    Most corporations in France are paying the government more in taxes than they are paying their employees.
    28 Feb 2014, 03:45 AM Reply Like
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