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Household consumption of goods increased in December (+1.5%), and was almost stable over the fourth quarter of 2014 (+0.1%)

In December 2014, household consumption expenditure on goods increased sharply: +1.5% in volume*, after +0.2% in November. This rise was especially attributable to the marked rebound in consumption of energy (+6.9% in December). Over the fourth quarter, household expenditure on goods was almost stable (+0.1%). Over the year 2014, they decreased slightly anew (–0.2% after –0.3% in 2013), despite the recovery in the consumption of manufactured goods (+0.7% in 2014 after –0.6%) .

Engineered goods : almost stable in December, increasing over the quarter

Durables: increasing over the quarter

Household expenditure on durable goods stepped back in December (–0.5%), after being virtually flat in November (+0.1%). Expenditure on household durables dropped (–0.9%), after two consecutive months of increase. Car purchases went down again (–0.3% after –1.5% in November).

Over the fourth quarter, expenditure on durable goods rose at the same pace as the previous quarter (+0.7%). In detail, expenditure on household durables kept increasing in Q4 (+1.8% after +3.0% in Q3), whereas car purchases decreased anew, but to a lesser extent (–0.3% after –1.0%).

Textile-leather: rise in December and over the quarter

Consumption of textile, clothing and leather increased less sharply (+1.4% after +2.2%). Over the fourth quarter, purchases accelerated slightly (+0.5% after +0.2%).

[* 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

Other engineered goods: growing over the fourth quarter

Consumption expenditure on other engineered goods was almost stable in December (+0.1%, after +0.3%). However, it increased over the quarter (+0.7%).

Food products: increasing in December and over the quarter

In December, consumption of food products increased again (+0.7% after 2 months virtually flat). Over the fourth quarter, it bounced back (+0.7% after –0.3%).

Energy: rebound in December, downturn over the quarter

After three consecutive months of decline, household consumption of energy products recovered substantially in December (+6.9%), notably because of fuel and heating expenditure.

Nevertheless, consumption of energy products decreased over the fourth quarter (–2.3% after +1.2% in Q3) due to a decrease in heat consumption in October, related to temperatures above seasonal norms.

The variation in November is scaled down by 0.2 points

Household consumption of goods is scaled down by 0.2 points: it is now estimated at +0.2% in November, instead of +0.4% within the previous publication. Conversely, the estimation in October is scaled up by 0.4 points (–0.4%, instead of –0.8% as previously estimated).

These revisions are mainly due to the integration of new information, as well as the updating of the seasonal adjustment coefficients, particularly regarding energy.

Energy

Energy
Household consumption expenditure on goods
In chained billion euros
Oct. Nov. Dec. Dec.2014/ Q4 14/
2014 2014 2014 Dec.2013 Q3 14
Food products 15.900 15.879 15.991
Change (%) 0.0 –0.1 0.7 0.9 0.7
Engineered goods 19.876 19.995 20.015
Change (%) 1.0 0.6 0.1 0.4 0.6
Durables 9.998 10.006 9.960
Change (%) 0.4 0.1 –0.5 0.1 0.7
- of which automobiles 4.659 4.590 4.578
Change (%) 0.2 –1.5 –0.3 –5.0 –0.3
- of which household durables 4.115 4.185 4.146
Change (%) 1.0 1.7 –0.9 6.8 1.8
Textile-leather 3.922 4.009 4.067
Change (%) 3.2 2.2 1.4 1.0 0.5
Other engineered goods 5.964 5.985 5.991
Change (%) 0.7 0.3 0.1 0.4 0.7
Energy 6.713 6.702 7.162
Change (%) –4.5 –0.2 6.9 0.0 –2.3
- including petroleum products 4.172 4.137 4.505
Change (%) –4.6 –0.8 8.9 1.2 –2.1
Total 42.445 42.525 43.167
Change (%) –0.4 0.2 1.5 0.5 0.1
Manufactured goods 36.651 36.628 37.084
Change (%) 0.3 –0.1 1.2 0.9 0.6

Informations Rapides

n° 22 - January 30, 2015

Household consumption expenditure on goods - December 2014

Next issue February 27, 2015 08:45 - January 2015

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