Good news from France: In April private consumption has been increased

Contrary to the analyst expectations the French private consumption increased by 0.7 percent in April.

The consumption growth surprised analysts who previously predicted 0.3 percent decline. The growth in April has been made already in March because private consumption also increased by 0.6 percent. On an annual basis, consumption increased by 0.6 percent. In April, among the consumer durables, the consumption increased by 2.1 percent.