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In June, household consumption expenditure on goods decreased again (-0.8%), it was stable over the second quarter (0.0% after +1.5%)

In June 2016, household consumption expenditure on goods decreased: -0.8% in volume*, as in May. Consumption of food products, as well as expenses on textile-clothing and on durables, increased yet this rise does not offset the fall in energy consumption. Over the second quarter, household consumption of goods was stable (after 1.5%): expenses on food products declined whereas expenditure on gas and electricity remained brisk.

Energy: fall in June but further growth over the quarter

In June, consumption of energy tumbled significantly (-6.3% after -0.8%); it is its highest drop since June 2013. It comes from the sharp downturn in consumption of refined products (-14.3%) following the substantial rise in May (+8.0%), which was spurred by precautionary purchases during the social movements. However, expenditure on gas and electricity grew slightly after a marked decrease in May (+0.1% after -6.9%). Over the quarter, consumption of energy rose again markedly (+1.4% after +1.7%), in particular expenses on heating, which were driven by the relative coolness during the spring.

Engineered goods: slight rebound in June, marked slowdown over the quarter

In June, purchases of engineered goods picked up slightly (+0.3% after -1.7%) as a result of a moderate rebound in durables consumption and of the increase in expenses on textile-clothing. However, purchases of engineered goods decelerated significantly over the quarter (0.0% after +2.3%).

Textile-clothing: renewed growth in June

In June, expenses on textile-clothing continued to grow (+0.7% after +2.0%), notably with a marked rebound in expenses on textile and leather. They fall back over the second quarter (-0.6% after +1.6%).

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

Total consumption of goods

Total consumption of goods

Source: INSEE

Energy

Energy

Source: INSEE

Food and engineered goods

Food and engineered goods

Source: INSEE

Durables: moderate upturn in June, deceleration over the quarter

In June, consumption of durables bounced back moderately (+0.4% after -4.2%). Expenditure on household durables started climbing anew after a substantial downturn in May (+2.8% after -10.9%), bolstered notably by furniture purchases. Conversely, car purchases dipped for the third consecutive month (-1.2%). Over the quarter, consumption of durables kept increasing but decelerated (+0.5% after +3.6%), dampened by expenses on household durables (+2.8% after +7.9%) and car purchases (-0.9% after +1.8%).

Other engineered goods: slight downturn

In June, household expenditure on other engineered goods fell back slightly (-0.3% after +0.2%), mainly owing to the decline in purchases of perfumes. Over the quarter, expenditure on other engineered goods fell back likewise (-0.4% after +0.6%).

Food products: new rise in June

Consumption of food products went up again in June (+0.5% after +0.4%). Expenditure on agricultural goods increased significantly, whereas tobacco consumption declined. Over the quarter, food consumption fell back (-0.7% after +0.4%).

The variation in May 2016 is revised downwards

The variation of household expenditure on goods in May 2016 has been revised downwards by 0.1 point: it now stands at -0.8%, instead of -0.7%. Since the previous publication, new information has been integrated, particularly concerning 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) Apr. 2016 May 2016 June 2016 June 16 / June 15 Q2 2016 /Q1 2016
Food products 38 –1.2 0.4 0.5 –0.1 –0.7
Engineered goods 45 0.4 –1.7 0.3 2.3 0.0
- Inc. Durables 22 1.1 –4.2 0.4 4.5 0.5
- Automobiles 12 –1.3 –0.2 –1.2 –0.9 –0.9
- Household durables 7 4.8 –10.9 2.8 14.9 2.8
- Inc. Textile-clothing 9 –0.4 2.0 0.7 0.3 –0.6
- Inc. Other engineered goods 13 –0.4 0.2 –0.3 0.0 –0.4
Energy 17 1.1 –0.8 –6.3 –2.3 1.4
- Inc. Energy, water, waste 10 3.8 –6.9 0.1 2.0 2.9
- Inc. Refined Products 8 –2.5 8.0 –14.3 –7.9 –0.6
Total 100 –0.1 –0.8 –0.8 0.6 0.0
- Inc. Manufactured goods 84 –0.5 0.1 –1.2 0.6 –0.2

Informations Rapides

n° 201 - July 29, 2016

Household consumption expenditure on goods - June 2016

Next issue August 31, 2016 08:45 - July 2016

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