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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
FranceFrance Household Consumption MoM fell to -0.5% in April 2026
FMPMonthlyReleased May 2026
France Household Consumption 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 0.04%. Over the past 3 months, Household Consumption MoM averaged -0.35%, vs -0.13% in the prior 3-month window. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
-0.5
Actual
-0.1
Consensus
0.9
Previous
Median Absolute Error
±0.32 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.7
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▼ Inverse | −0.50 | FOREX | Bearish EUR | → View |
| EUR/GBP | ▼ Inverse | −0.34 | FOREX | Bearish EUR | → View |
| EUR/JPY | ▼ Inverse | −0.30 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Household Consumption 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 -0.09%, ranging from -1.4% to 0.6% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged -0.47%, down from the prior three at -0.17%. Volatility over the past year (σ 0.57%) is comparable than the prior year (σ 0.62%). In May readings over the past 3 years, Household Consumption MoM has averaged -0.33%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.33%.
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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Household Consumption MoM - FR
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About Household Consumption MoM — France
DEFINITION
Household Consumption MoM (Month-over-Month) is a key economic indicator that measures the change in the amount of goods and services purchased by households in a given month. It provides valuable insights into consumer spending patterns and overall economic activity. A positive change in this indicator indicates an increase in consumer confidence and a potential boost to economic growth, while a negative change may signal a decrease in consumer spending and potential economic slowdown. This indicator is closely monitored by policymakers, businesses, and investors as it can impact financial markets and inform decision-making.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. 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 EUR/USD (Bearish EUR, r=-0.50) — a useful reference for forex-focused traders.