France Dépenses Personnelles

Household consumption in France dropped by 1% month-on-month in March 2025, following an upwardly revised 0.2% fall in February and missing market expectations of a 0.2% increase. This marks the steepest decline since December 2022, mainly due to a downturn in spending on engineered goods (-1.% vs +0.1% in February), driven by reduced purchases of durable goods (-1.9%) and, to a lesser extent, textile and clothing products (-0.3%). Consumption also declined for energy (-1.8% vs +0.3%) and food (-0.5% vs -0.8%). On a yearly basis, household spending fell by 1.5%—the largest drop since June 2024—following a 0.2% increase in February. Over the first quarter of 2025, household consumption of goods declined by 0.6%, after a 0.1% rise in the previous period.