World Economy

France on Strong Footing

France on Strong FootingFrance on Strong Footing

French consumer spending rose faster than expected in November as car sales jumped and households continued to raise spending on energy, statistics showed Friday, MarketWatch reported. Consumer spending in the eurozone’s second largest economy rose 0.4% on month and 3.3% on year, statistics agency Insee said. Analysts polled by the Wall Street Journal had expected a 0.1% rise on month and a 2.4% rise on year. The second month of rising consumer spending confirms the French economy is on a firmer footing after a weak patch over the summer.


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