AIRLINK 206.75 Decreased By ▼ -6.07 (-2.85%)
BOP 10.15 Decreased By ▼ -0.10 (-0.98%)
CNERGY 6.68 Decreased By ▼ -0.32 (-4.57%)
FCCL 33.20 Decreased By ▼ -0.27 (-0.81%)
FFL 16.70 Decreased By ▼ -0.94 (-5.33%)
FLYNG 22.25 Increased By ▲ 0.43 (1.97%)
HUBC 128.00 Decreased By ▼ -1.11 (-0.86%)
HUMNL 14.07 Increased By ▲ 0.21 (1.52%)
KEL 4.78 Decreased By ▼ -0.08 (-1.65%)
KOSM 6.40 Decreased By ▼ -0.53 (-7.65%)
MLCF 42.43 Decreased By ▼ -1.20 (-2.75%)
OGDC 213.60 Increased By ▲ 0.65 (0.31%)
PACE 7.00 Decreased By ▼ -0.22 (-3.05%)
PAEL 41.30 Increased By ▲ 0.13 (0.32%)
PIAHCLA 16.77 Decreased By ▼ -0.06 (-0.36%)
PIBTL 8.35 Decreased By ▼ -0.28 (-3.24%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 184.10 Increased By ▲ 1.07 (0.58%)
PRL 38.85 Decreased By ▼ -0.78 (-1.97%)
PTC 24.35 Decreased By ▼ -0.38 (-1.54%)
SEARL 97.85 Decreased By ▼ -0.16 (-0.16%)
SILK 1.03 Increased By ▲ 0.02 (1.98%)
SSGC 40.50 Decreased By ▼ -1.23 (-2.95%)
SYM 18.08 Decreased By ▼ -0.78 (-4.14%)
TELE 8.97 Decreased By ▼ -0.03 (-0.33%)
TPLP 12.40 No Change ▼ 0.00 (0%)
TRG 65.20 Decreased By ▼ -0.48 (-0.73%)
WAVESAPP 10.51 Decreased By ▼ -0.47 (-4.28%)
WTL 1.82 Increased By ▲ 0.03 (1.68%)
YOUW 4.03 No Change ▼ 0.00 (0%)
BR100 11,802 Decreased By -64.6 (-0.54%)
BR30 35,628 Decreased By -69.4 (-0.19%)
KSE100 113,262 Decreased By -886.7 (-0.78%)
KSE30 35,636 Decreased By -316.2 (-0.88%)

imagePARIS: French consumer spending rose 0.6 percent in January from December, data released on Friday showed , an indication that the traditional driver of the country's weak economy is showing signs of life.

Among the areas of growth in household outlays were purchases of durable goods, up 1.9 percent, and cars, up 3.2 percent, the INSEE statistics agency said.

The news follows two other encouraging sets of economic data this week: consumer morale, which reached its highest level since May 2012, and an upturn in optimism among company bosses.

December spending, which was lifted by extra heating during cold weather, was revised upwards to 1.6 percent from 1.5 percent.

"These are pretty good figures," said Barclays economist Francois Cabau.

"We are heading for a clear acceleration of activity in the first quarter."

French economic growth was a meagre 0.1 percent in the fourth quarter of last year and just 0.4 percent in 2014 as a whole, INSEE figures confirmed earlier this month.

INSEE's measure of consumer spending represents about half of total household outgoings, which in turn represent about half of French gross domestic product (GDP).

The government is banking on GDP growth of at least 1 percent this year to reduce joblessness, encourage investment, and deliver tax revenue that could help it meet demands from its European Union partners for it to reduce its deficit.

Producer prices fell 0.9 percent month-on-month in January, INSEE data also showed on Friday, showing the lack of inflationary pressures in the euro zone's second-largest economy.

Copyright Reuters, 2015

Comments

Comments are closed.