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In July 2016, household consumption expenditure on goods decreased slightly (-0.2% in volume*), after a sharper decline in June (-0.8%); it is the fourth consecutive month of decline. In particular, purchases of cars and durables fell strongly. Conversely, expenses on fuel were on the rise.
In July, purchases of engineered goods declined anew (-1.2%) after a slight rebound in June (+0.4%).
Total consumption of goods
In July, expenses on durables decreased clearly (-2.2%) after a moderate growth in June (+0.6%). The decline was particularly pronounced for household durables (-3.1%), notably for televisions. Car purchases decreased for the fourth consecutive month: -1.9% in July.
In July, global expenses on textile-clothing shrank (-1.2% after +0.8%), despite a rise in shoes purchases.
In July, household expenditure on other engineered goods climbed anew slightly (+0.5% after -0.2% in June), notably because of perfume purchases.
* Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading days and seasonally adjusted.
Breakdown of engineered goods
In July, consumption of energy bounced back (+1.3%), after a strong decline in June (-6.4%). Indeed, consumption of refined products picked up (+6.5%) after plummeting in June (-14.3%), bolstered mainly by fuel expenses. However, expenses on gas and electricity slipped back slightly after being stable in June.
Consumption of food products went up again slightly in July (+0.3% after +0.5% in June and +0.4% in May). Expenses on agricultural products decreased clearly, but were compensated by the rebound in tobacco and meat consumption.
Food and engineered goods
The variation of household expenditure on goods in June is inchanged.
|Variation in percentages|
|(1) Weighting in the consumption expenditure on goods in value|
|(2) Last three months / previous three months|
|Weight (1)||May 2016||June 2016||July 2016||July 16 / July 15||Q/Q-1 (2)|
|- Inc. Durables||22||–4,2||0,6||–2,2||2,3||–3,1|
|- Household durables||7||-10,9||3,6||–3,1||9,0||–5,3|
|- Inc. Textile-clothing||9||1,9||0,8||–1,2||–0,3||1,6|
|- Inc. Other engineered goods||13||0,4||–0,2||0,5||1,3||0,2|
|- Inc. Energy, water, waste||10||–6,9||0,1||–2,4||–1,1||–3,5|
|- Inc. Refined Products||8||8,5||-14,3||6,5||–3,2||–0,6|
|- Inc. Manufactured goods||84||0,2||–1,2||0,2||1,0||–0,6|
n° 226 - August 31, 2016
Household consumption expenditure on goods - July 2016
Next issue September 30, 2016 08:45 - August 2016
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