Financial Times FT.com

Germans and French hold steady on their spending

By Ralph Atkins in Frankfurt and Ben Hall in Paris

Published: May 27 2009 03:00 | Last updated: May 27 2009 03:00

French and German consumers are keeping up their spending, in the face of the most severe recession to hit the continent in 50 years, data showed yesterday.

France reported that consumer spending on manufactured goods rose a more-than-expected 0.7 per cent in April, compared with March. Germany's GfK research organisation said its "consumer climate" indicator was expected to hold steady in June for a fourth consecutive month.

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