July 30, 2019 / 7:07 AM / 3 months ago

French consumer spending dips unexpectedly in June

A view shows La Grande Epicerie de Paris, a three-story food hall, in the 16th district of Paris, France, November 8, 2017. Luxury goods company LVMH is opening a second branch of its high-end food hall in Paris, betting on growing appetite from well-off locals for gourmet hams and groceries as the group spruces up its stores across the city. REUTERS/Philippe Wojazer

PARIS (Reuters) - French consumer spending pulled back unexpectedly in June as households spent less on food, gas and electricity, the INSEE official statistics agency said on Tuesday.

Consumer spending fell 0.1% from May after rising 0.3% the previous month, which INSEE revised down marginally from 0.4%.

Economists had forecast on average an increase of 0.2% with estimates in a Reuters poll of 13 economists ranging from -1.0% to 1.3%.

Despite the overall decline, spending on manufactured goods rose 0.4% in June with spending on transport equipment, essentially new cars, coming in relatively strong at 2.5%.

Reporting by Leigh Thomas; Editing by Sudip Kar-Gupta

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