French consumer spending shows bounce in January
French household spending on manufactured goods rebounded in January, rising 1.8 percent after sliding 0.9 percent in December, the national statistics institue INSEE reported Tuesday.
But the agency also said household confidence slipped a point in February to minus 43 on its measure, with all components of the index showing a modest decline.
INSEE found that more French households were of the opinion that the standard of living on France had deteriorated in recent months, with the trend likely to continue in the near term.
In a separate report, the ecology ministry said that housing starts in France fell 20.2 percent between November 2008 and January 2009 compared with the same period a year earlier.
Sales of new homes were down 37.6 percent in 2008 from 2007, it added.