July 31, 2020 / 7:23 AM / 9 days ago

French consumer spending shoots back above pre-lockdown level in June

PARIS (Reuters) - French consumer spending shot back above pre-lockdown levels in June, data showed on Friday, in a positive sign for the euro zone’s second-largest economy after a massive plunge earlier in the quarter due to the coronavirus epidemic.

Consumer spending on goods jumped 2.3% above the level reached in February, the data from national statistics office INSEE showed, although the decline reached 7.1% over the second quarter as a whole.

Reporting by Michel Rose; editing by John Stonestreet

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