PARIS–French consumer spending dropped sharply and for the second month in a row in January as mild weather reduced household demand for energy, statistics showed Wednesday.
Consumer spending in the eurozone’s second-largest economy fell 1.9% on month and on year in January, French statistics agency Insee said.
Economists polled by the Wall Street Journal had forecast a 0.1% rise on month and a 1.2% rise on year.
French household spending on energy fell 7.6% on month in January. Consumers also cut spending on clothing and cars, and overall spending on manufactured goods declined 0.8% on month.