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%) .
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%).
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
Food and engineered goods
Breakdown of engineered goods
Consumption expenditure on other engineered goods was almost stable in December (+0.1%, after +0.3%). However, it increased over the quarter (+0.7%).
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%).
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.
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.
|In chained billion euros|
|- of which automobiles||4.659||4.590||4.578|
|- of which household durables||4.115||4.185||4.146|
|Other engineered goods||5.964||5.985||5.991|
|- including petroleum products||4.172||4.137||4.505|
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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