The French National Statistical Institute (INSEE) is likely to report that consumer spending on goods decreased by 1.2% mom in February (1.7% yoy).
According to Societe Generale, this would mainly stem from the energy component which is likely to have dropped by 3.9% mom in February. Meanwhile, non-energy goods consumption should decrease slightly by 0.6% mom (+1.5% yoy).
Commentary
French consumption to decrease in February
The French National Statistical Institute (INSEE) is likely to report that consumer spending on goods decreased by 1.2% mom in February (1.7% yoy). According to Societe Generale, this would mainly stem from the energy co…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
