Free Trial

MNI: FRANCE DATA: BoF Retail Trade (Apr 2019)........>

MNI, NEWS
MNI: FRANCE DATA: BoF Retail Trade (Apr 2019) Preview - Due Today
-------------------------------------------------------------------------------
- Previous (Mar): 0.2% 3m/3m, -3.7% y/y
- French retail trade turnover declined by 0.5% m/m in Mar, but was up 0.2% on
the less volatile 3m/3m measure (the first positive reading since May 2018)
- It was driven by a 1.2% rise in industrial goods turnover, which outpaced a
0.8% contraction in food sales
- On the year, however, turnover across both categories has weakened: industrial
goods: -2.0%; food: -5.7%
- Household sentiment has been improving recently... 
- ... the French consumer confidence indicator rose from a recent low of 87 in
Dec to 96 in Apr, but remains below its long-term average of 100
- While lower inflation & supportive fiscal measures should help to boost
purchasing power this year...
- ... spending will be restrained to some degree by households' increased
propensity to save amid the prevailing economic uncertainty

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.