French consumption to soften in April

The French National Statistical Institute (INSEE) is expected to report that consumer spending on goods decreased by 1.0% mom in April (1.1% yoy). This drop should be mainly driven by a clement weather-led slowdown in energy consumption which is likely to fall sharply in April. 

On the other hand, consumer spending on goods excluding energy is expected to rise slightly by 0.5% mom over the same period.