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In May, household consumption expenditure on goods diminished (-0.7%)

In May 2016, household consumption expenditure on goods diminished : -0.7% in volume*, after a virtual stability in April (-0.1%). Expenditure on household durables fell, as well as heating one. The rebound in food and textile-clothing consumption mitigated the overall decline.

Engineered goods: decreasing

In May, purchases of engineered goods decreased clearly (-1.5% after +0.5%). This fall stemmed from the strong decline in durables purchases. It was dampened by the rebound in textile-clothing purchases.

Total consumption of goods

Total consumption of goods

Source: INSEE

Durables: steep downturn

In May, consumption of durables fell back strongly (-3.6% after +1.2%). After three months of sustained rise, purchases of household durables plummeted (-9.2%). In particular, expenditure on consumer electronic products slipped back after four months of double-digit growth as a result of the change in the standard television brodcasting. Similarly, purchases of furniture withdrew strongly. Car purchases diminished again (-0.3% after -0.9%), mainly because of the decline in second-hand car purchases.

Food and engineered goods

Food and engineered goods

Source: INSEE

Textile-clothing: rebounding

In May, expenses on textile-clothing recovered (+1.7%) after three consecutive months of decline. Purchases of shoes contributed mostly to this rebound.

Other engineered goods: stability

In May, household expenditure on other engineered goods was stable.

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

Breakdown of engineered goods

Breakdown of engineered goods

Source: INSEE

Energy: slight decline

In May, total consumption of energy slipped back (-1.0% after +0.8%), as a result of two opposite trends. Expenditure on gas and electricity fell strongly (-6.8% after +3.3%) after two months during which heating costs had been significant. However, purchases of refined products increased fast (+7.3% after -2.6%), fuel consumption being presumably boosted by precautionary purchases during the social movements in the end of May.

Energy

Energy

Source: INSEE

Food products: recovering slightly

Consumption of food products recovered in May (+0.5%), after a significant decline in April (-1.2%). Expenditure bounced back in all processed agrifood, and more particularly in tobacco and meat products.

Household consumption expenditure on goods
Variation in percentages
(1) Weighting in the consumption expenditure on goods in value
(2) Last three months / previous three months
Weight (1) Mar. 2016 Apr. 2016 May 2016 May 16 / May 15 Q / Q-1 (2)
Food products 38 –0.1 –1.2 0.5 0.2 –0.7
Engineered goods 45 1.0 0.5 –1.5 2.7 1.0
- Inc. Durables 22 2.2 1.2 –3.6 5.4 2.8
- Automobiles 12 1.1 –0.9 –0.3 2.7 0.9
- Household durables 7 4.1 4.7 –9.2 12.6 7.1
- Inc. Textile-clothing 9 –0.5 –0.4 1.7 –0.9 –1.7
- Inc. Other engineered goods 13 0.0 –0.2 0.0 0.9 –0.1
Energy 17 4.3 0.8 –1.0 4.8 6.1
- Inc. Energy, water, waste 10 5.8 3.3 –6.8 2.1 9.4
- Inc. Refined Products 8 2.3 –2.6 7.3 8.3 2.3
Total 100 1.1 –0.1 –0.7 2.2 1.2
- Inc. Manufactured goods 84 0.8 –0.4 0.2 2.6 0.6

The variation in April 2016 remains unchanged

Since the previous publication, new information has been integrated, and the seasonal adjustment coefficients have been updated. However, the variation in household consumption of goods in April 2016 remains unchanged (-0.1%).

Informations Rapides

n° 169 - June 30, 2016

Household consumption expenditure on goods - May 2016

Next issue July 29, 2016 08:45 - June 2016

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