The World Cup effect boosts consumption

June 25, 2010 - 7:48 am Comments Off

The FIFA World Cup has made its small effect on consumption. With increasing sales of televisions, consumption rebounded in May to 0.7% after falling 1.3% in April, according to figures released Thursday by the INSEE. The category of "durable goods", which owns the TV, jumped 3.6% after falling 4.5% in April.

"Added to the fact the World was going" all digital "in Brittany and Pays de la Loire, which induces additional purchases of new TVs and Freeview decoders," said INSEE. On the other hand, auto sales have plunged, stabilizing in May (-0.1% against -9.6% in April).

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