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French Household consumption expenditure on goods bounced back in January (+0.6%)
In January 2017, household consumption expenditure on goods increased in volume*(+0.6%), after a steep decline in December 2016 (−1.0%). Spending on energy sped up sharply. Purchases of food products picked up. The downturn in durable goods mitigated the recovery in overall consumption on goods. *Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading-day and seasonally adjusted. In January 2017, energy consumption shot up (+5.1%). Expenditure on gas and electricity soared, in particular for heating, after a drop in December. It was boosted by the coldest month of ... (full story)