PARIS, April 22 (AFP) - French households curtailed spending sharply in March, reflecting a cautious outlook in the face of unemployment fears, a stance that indicates further spending declines in the coming months, analysts said Thursday.
Consumption of manufactured goods fell 1.4 percent in March from the previous month, according to the national statistics office Insee, compared with analyst consensus expectations of a decline of just 0.4 percent.
Behind the Façades in France: What expats and the mainstream media (French and American alike) fail to notice (or fail to tell you) about French attitudes, principles, values, and official positions…
Friday, April 23, 2004
Consumer Spending Falls
Some of youmay think I'm being malicious by harping on France's economic woes but I'm not. I think many indicators are pointing to a genuine trend and I'm simply recording them as they appear. For example:
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