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Household consumption expenditure on goods kept growing in March (+0.2%), it bounced back over the first quarter (+1.7% after -0.5 %)

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.

Energy: growing again

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).

Engineered goods: decreasing again

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%).

Durables: the growth continues

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

Total consumption of goods

Source: INSEE

Food and engineered goods

Food and engineered goods

Source: INSEE

Energy

Energy

Source: INSEE

Textile-clothing: falling again

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).

Other engineered goods: decreasing anew

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%).

Food products: fall

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 growth in February 2016 is revised downwards

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

Breakdown of engineered goods

Source: INSEE

Household consumption expenditure on 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
Food products 38 –0,7 1,4 –0,6 1,9 1,0
Engineered goods 44 1,6 –0,4 –0,3 3,0 2,4
- Inc. Durables 21 0,5 1,4 1,2 6,8 3,3
- Automobiles 11 0,4 0,5 1,3 4,6 2,4
- 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
Energy 18 3,0 1,1 3,5 3,6 1,5
- 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
Total 100 1,0 0,5 0,2 2,7 1,7
- Inc. Manufactured goods 85 0,2 0,4 –0,1 2,8 1,7

Informations Rapides

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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