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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Consumer Spending MoM fell to 0.5% in July 2026
FMPMonthlyReleased August 2026
France Consumer Spending MoM fell to 0.5% in July 2026, released August 2026, down 0.1% from June's 0.6% reading. The print exceeded the 0.1% consensus by 0.4%. The print is running well above the 12-month average of 0.01%. Over the past 3 months, Consumer Spending MoM averaged 0.45%, vs -0.4% in the prior 3-month window. The reading is in the 81st percentile of the trailing 24-month range.
Latest Release
0.5
Actual
0.1
Consensus
0.6
Previous
Median Absolute Error
±0.25 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.3
Actual: 0.5
Error: -0.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/GBP | ▼ Inverse | −0.66 | FOREX | Moves against | → View |
| FTSE 100 | ▼ Inverse | −0.58 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.46 | CRYPTO | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Spending MoM (France) was reported at 0.5% in August 2026. This beat the market consensus of 0.1% by 0.4%. The reading fell from the previous value of 0.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.04%, ranging from -1.4% to 0.5% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.47%, up from the prior three at -0.47%. Volatility over the past year (σ 0.61%) is higher than the prior year (σ 0.5%).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/GBP (Bearish EUR). A secondary relationship exists with FTSE 100, negatively correlated (Bearish FTSE 100). Over the last 12 releases, the Sigmacast model's median absolute error is 0.25%.
WHAT TO WATCH NEXT
The next release is scheduled for September 30, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Sep 23) and S&P Global Services PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Spending MoM - FR
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About Consumer Spending MoM — France
DEFINITION
Consumer Spending MoM (Month-over-Month) is a key economic indicator that measures the change in the amount of money spent by individuals and households on goods and services in a given month. It provides valuable insights into the overall health of the economy and consumer confidence, as well as potential trends in consumer behavior. This indicator is closely monitored by economists, businesses, and policymakers as it can impact various sectors of the economy, such as retail sales, manufacturing, and employment.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.5 %, consensus 0.1 %. Prior reading (Jun 2026): 0.4 %. Before that (May 2026): 0.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/GBP (Bearish EUR, r=-0.66) — a useful reference for forex-focused traders.
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Economic Calendar - FR Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:45 | FR | Harmonised Inflation Rate YoY | 2.7 | 2.4 | 2.7 | 2.70 | Low |
| 06:45 | FR | Harmonised Inflation Rate MoM | 0.8 | 0.6 | 0.8 | 0.80 | Low |
| 06:45 | FR | Inflation Rate MoM | 0.7 | 0.6 | 0.7 | 0.70 | Low |
| 06:45 | FR | Inflation Rate YoY | 2.4 | 2.1 | 2.4 | 2.40 | Low |