Household consumption of goods in France rose 0.5% month-on-month in July 2026, exceeding the consensus forecast of no change. The increase followed an upwardly revised 0.6% rise in June, although the latest account describes June as flat, and marked a third consecutive monthly advance. Engineered-goods consumption increased 0.5%, with durable-goods spending accelerating to 0.8% from 0.2%, while spending on other engineered goods slowed to 0.3% from 0.4%. Energy consumption rose 0.8%, down from 1.5% in June, driven by fuel and, to a lesser extent, electricity. Food-consumption growth eased to 0.2% from 0.7%, while textile and clothing spending fell 0.2% after declining 1.2% in June. July 2026 was France's warmest month on record, and household consumption was 1.4% higher than a year earlier. Economists view the stronger-than-expected reading as a modestly positive signal for second-half growth, while cautioning that monthly goods data are volatile and exclude services. Sustained consumption could help offset weakness in exports and business investment, but subdued eurozone growth and France's fiscal consolidation plans may weigh on household purchasing power. Strong demand could also influence expectations for the European Central Bank's policy path, although one monthly release is unlikely to determine monetary policy.