Latest data released by INSEE - 29 November 2018
- Prior -1.7%; revised to -2.0%
- Consumer spending +0.9% vs +0.9% y/y expected
- Prior -1.5%; revised to -2.2%
Decent consumption data although there are heavy revisions to the prior month's readings that makes the report a little bit duller. Nonetheless, it's a decent start to Q4 data and that will help to ease fears of a worsening slowdown seen in the French economy. However, this is just one of many data points to come so let's see how the rest will play out.
