France: Consumer stalled in November
The consumption of manufactured goods rose more households in November. After a 1% increase in October, the index has shown quasi-stable -0, 1%, according to figures from INSEE.
This figure was supported, as in previous months, by buying cars in significant increase of 4.2% in line with the trend observed since August. "The household benefit last months of premium breaks down before his scheduled first next January, said Insee.
In contrast, spending on equipment housing slows markedly, to 0.2%, against 2.1% in October. "If they keep their spending in electrical and electronic households have reduced their spending on furniture," said INSEE.
The week's floating balances authorized in November did not save the textiles and leather. Purchases fell 1.8% in November, two months after dynamic (+2.4% in October and 3% in September).
In 2009, INSEE expects a limited increase in consumption of 0.7%, after 0.9% in 2008. Consumption is the traditional engine of French growth and growing at a rate of 2 to 2.5% until 2007.