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French April Consumer Spending Falls Amid Recession, Joblessness

May 31 (Bloomberg) -- French consumer spending slid 0.3 percent in April, after having risen 1.3 percent in March, the national statistics office Insee said in a statement today.

Economists had expected a decline on 0.6 percent in the month, according to a Bloomberg survey.

Consumer spending is declining after France slid into recession in the first quarter and as the country grapples with record joblessness.

To contact the editor responsible for this story: Vidya Root at vroot@bloomberg.net

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