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In October 2014, household consumption of goods decreased again (-0.9% after -0.5%)

In October 2014, household expenditure on goods dropped by 0.9% in volume*, after a decrease of 0.5% in September. This decline was due to a drop in expenditure on energy products (–6.0% after –0.5%), in reason of higher temperatures than seasonal norms. Purchases of manufactured goods were almost stable (+0.1 % after -0.5 %).

Engineered goods : increasing

Durables: stability

After a rise in September (+0.8%), household expenditure on durable goods was stable in October. Car purchases increased slightly (+0.2% after +1.0% in September), as did the spending on housing equipment (+0.1% after +0.2%).

Textile-leather: recovery

Purchases in textile, clothing and leather bounced back in October (+3.4%), after a fall in September (–7.7%) which brought them to their lowest level since October 2001.

Other engineered goods: stability

Consumption expenditure on other engineered goods was stable in October after a 0.5% decrease in September. This was mainly due to hardware consumption.

[* Volumes are chained and all figures are trading days and seasonally adjusted.]

Total consumption of goods

Total consumption of goods

Food and engineered goods

Food and engineered goods

Breakdown of engineered goods

Breakdown of engineered goods

Food products: almost stable

In October, consumption of food products was almost stable (–0.1% after +0.4% in September).

Energy: sharp decline

After a slight decrease in September (–0.5%), household consumption of energy products dropped sharply in October (–6.0%), and reached its lowest level since November 1997. This drop was especially due to very low spending in heating, as temperatures were clearly above seasonal norms in October. Moreover, fuel expenditure decreased as well.

The change in September is scaled up by 0.3 points

Household consumption of goods in September is scaled upward by 0.3 points (–0.5% against –0.8% within the previous publication).

This revision is mainly due to the integration of new information, mainly in telecomunications equipment, as well as the updating of the seasonal adjustment coefficients.

Energy

Energy
Household consumption expenditure on goods
In chained billion euros
Aug. Sept. October Oct.2014/
2014 2014 2014 Oct.2013
Food products 15.830 15.899 15.878
Change (%) 0.8 0.4 –0.1 –0.1
Engineered goods 19.983 19.707 19.839
change (%) 0.8 –1.4 0.7 0.9
Durables 9.913 9.995 9.993
change (%) 0.6 0.8 0.0 3.1
-Of which automobiles 4.613 4.659 4.667
Change (%) 0.3 1.0 0.2 0.5
-Of which household durables 4.095 4.104 4.106
Change (%) 1.5 0.2 0.1 7.9
Textile-leather 4.096 3.779 3.906
Change (%) 1.6 –7.7 3.4 –2.6
Other engineered goods 5.974 5.946 5.949
Change (%) 0.8 –0.5 0.0 0.2
Energy 7.121 7.082 6.658
Change (%) 1.2 –0.5 –6.0 –2.8
-including petroeum products 4.431 4.395 4.165
Change (%) 2.2 –0.8 –5.2 –2.3
Total 42.929 42.693 42.326
Change (%) 0.9 –0.5 –0.9 –0.2
Manufactured goods 36.757 36.586 36.608
Change (%) 1.1 –0.5 0.1 0.4

Informations Rapides

n° 271 - November 28, 2014

Household consumption expenditure on goods - October 2014

Next issue December 23, 2014 08:45 - November 2014

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