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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Consumer Spending MoM fell to -0.5% in April 2026
FMPMonthlyReleased May 2026
France Consumer Spending MoM fell to -0.5% in April 2026, released May 2026, down 1.4% from March's 0.9% reading. The reading missed the -0.1% consensus by 0.4%. The print is running well below the 12-month average of -0.07%. Over the past 3 months, Consumer Spending MoM averaged -0.35%, vs -0.13% in the prior 3-month window. The reading is in the 27th percentile of the trailing 24-month range.
Latest Release
-0.5
Actual
-0.1
Consensus
0.9
Previous
Median Absolute Error
±0.3 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.65
Actual: -0.5
Error: -0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| CAC 40 | ▼ Inverse | −0.86 | INDEX | Bearish CAC 40 | → View |
| S&P 500 | ▼ Inverse | −0.76 | INDEX | Bearish S&P 500 | → View |
| Euro STOXX 50 | ▼ Inverse | −0.74 | INDEX | Bearish Euro STOXX 50 | → View |
| EUR/USD | ▼ Inverse | −0.72 | FOREX | Bearish EUR | → View |
| DAX | ▼ Inverse | −0.70 | INDEX | Bearish DAX | → 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 May 2026. This missed the market consensus of -0.1% by 0.4%. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.13%, ranging from -1.4% to 0.6% 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%, down from the prior three at -0.17%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with CAC 40 (Bearish CAC 40). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.3%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026. Same-country events in the next 14 days include Business Confidence (Jun 23) and S&P Global Manufacturing PMI (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Apr 2026): actual -0.5 %, consensus -0.1 %. Prior reading (Mar 2026): 0.7 %. Before that (Feb 2026): -1.4 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with CAC 40 (Bearish CAC 40, r=-0.86) — a useful reference for index-focused traders.