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

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MNI: FRANCE DATA: BoF Retail Trade (Mar 2019) Preview - Due Today
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- Previous (Feb): 0.0% 3m/3m, -0.7% y/y
- French retail sales were flat on a 3m/3m basis in Feb...
- ... having risen in Jan for the first time in eight months
- On the year, sales were down in Feb...
- ... as weaker food sales (-3.5%) offset a 1.9% gain in sales of industrial
goods
- Consumer confidence ticked higher in Mar but remains below its long-term
average
- However, lower inflation, along with a number of government measures should
help to boost purchasing power this year...
- ... including a 1.5% increase in gross minimum wages from Jan, the scrapping
of a planned petrol duty hike, the freezing of electricity rates and various tax
concessions

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