Financial Times FT.com

French shop as Germans save

By Ralph Atkins in Frankfurt

Published: April 21 2006 19:19 | Last updated: April 21 2006 19:19

French shoppers, scarcely distracted by riots in March, increased spending significantly in the first quarter of this year, with purchases of household durable goods soaring, official data showed on Friday.

The robust spending growth is almost certain to have helped eurozone economic growth rebound in the first quarter of 2006. But the outlook for German consumer spending remains poor – highlighting the underlying weakness of the eurozone economy.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this