France Dépenses Personnelles

Household consumption in France fell by 0.3% month-on-month in July 2025, slightly worse than market expectations of a 0.2% drop and slipping from a downwardly revised 0.4% gain in the previous month. The latest figure also marked the first decline in household spending since March, driven by lower energy use (-1.7% vs +3.4% in June), as demand for petroleum products—particularly diesel—fell and electricity consumption eased after two months of strong growth. Meanwhile, spending on manufactured goods was broadly stable (0.4% vs 0.5%), while food consumption fell slightly (-0.1% vs -0.9%), as weaker demand for agricultural products was partly offset by a modest rebound in agri-food items.