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31.03.202607:12:23UTC+00France Household Consumption Falls More than Expected

Household consumption of goods in France fell by 1.4% month-on-month in February 2026, a sharper decline than market expectations of a 0.2% decrease, and followed a downwardly revised 0.4% increase in January. Energy consumption weakened further (-2.4% vs. -1.2%), as demand for gas and electricity dropped amid warmer weather. Spending on engineered goods also contracted (-1.7% vs. +1.1%), with declines across all categories: durable goods (-1.8% vs. +0.8%), other engineered goods (-0.1% vs. +0.2%), and textiles and clothing (-4.0% vs. +3.6%). Food consumption slipped as well (-0.5% vs. +0.4%), driven by lower purchases of agri-food products, particularly beverages and tobacco.

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