Latest data released by INSEE - 29 June 2018
- Prior -1.5%; revised to -1.8%
- Consumer spending -0.2% vs +0.1% y/y expected
- Prior +0.2%
Slight delay in the release by the source. Still awaiting the yearly estimate to be released.
A minor uptick on the month, but a negative revision to April's reading sort of offsets that. The yearly reading comes in lower and that's not really a positive development with regards to consumption patterns. Not a major data point by any means but one that doesn't paint a healthy consumer picture if put together with the soggy German retail sales earlier.
