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In March 2016, household consumption expenditure on goods rose by 0.2% in volume* (after +0.5% in February and +1.0% in January) : the dynamism of expenses on energy is partly offset by the withdrawal of expenditure on food products and textile-clothing. Over the first quarter 2016, household expenditure on goods picked up substantially (+1.7% after -0.5%), particularly due to expenses on energy and the acceleration of household durables.
In March, consumption of energy sped up (+3.5% after +1.1% in February); in particular, expenditure on electricity and gas increased again, due to cool temperatures compared to seasonal norms. Over the whole quarter, expenditure on energy recovered (+1.5%) after a fall caused by a particularly mild autumn (-2.3% over the fourth quarter of 2015).
In March, purchases of engineered goods fell again (-0.3% after -0.4%), particularly due to the new decline in the expenses on textile-clothing. However, purchases of engineered goods picked up clearly over the whole quarter (+2.4% after -0.4%).
In March, consumption of durables increased anew (+1.2% after +1.4%). Car purchases sped up (+1.3% after +0.5%) and expenditure on household durables remained dynamic (+1.4% after +4.2%). Over the whole quarter, consumption of durables grew by +3.3% (the highest growth since the first quarter of 2011). In particular, consumption of household durables accelerated (+5.8%), notably boosted by consumer electronics purchases, before the change of television diffusion standard on April, 1st 2016.
* Volumes are chained and all figures are trading days and seasonally adjusted.
Total consumption of goods
Food and engineered goods
In March, expenses on textile-clothing kept decreasing (-3.6% after -5,5% in February), despite the growth in shoes purchases. Over the first quarter, however, they grew by 2.4% (after -3.0% over the fourth quarter of 2015).
After three consecutive months of growth, household expenditure on other engineered goods stepped back (-0.6%), mainly in hardware. Over the whole quarter, expenses on these goods accelerated slightly (+0.8% after +0.5%).
Consumption of food products decreased in March (-0.6% after +1.4%). In particular, consumption of meat stepped back strongly, as a backlash of the strong growth in February. Over the quarter, food consumption accelerated slightly (+1.0% after +0.4% on the fourth quarter of 2015).
The variation of household expenditure on goods in February 2016 has been revised downwards by 0.1 points: it now stands at +0.5%, instead of +0.6%. Indeed, since the previous publication, new information has been integrated, lowering even more purchases of textile-clothing, but elevating the dynamism of household durables, and the seasonal adjustment coefficients have been updated.
Breakdown of engineered goods
|Variation in percentages|
|(1) Weighting in the consumption expenditure on goods in value|
|Weight (1)||Jan. 2016||Feb. 2016||Mar. 2016||Mar. 16 / Mar. 15||Q1 2016 / Q4 2015|
|- Inc. Durables||21||0,5||1,4||1,2||6,8||3,3|
|- Household durables||7||0,8||4,2||1,4||13,0||5,8|
|- Inc. Textile-clothing||10||6,3||–5,5||–3,6||–2,4||2,4|
|- Inc. Other engineered goods||13||0,3||0,3||–0,6||0,8||0,8|
|- Inc. Energy, water, waste||10||9,8||0,7||5,4||4,1||2,3|
|- Inc. Refined Products||9||–3,9||1,6||1,2||2,9||0,5|
|- Inc. Manufactured goods||85||0,2||0,4||–0,1||2,8||1,7|
n° 115 - April 29, 2016
Household consumption expenditure on goods - March 2016
Next issue May 30, 2016 08:45 - April 2016
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