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In August 2016, household consumption expenditure on goods bounced back: they rose by 0.7% in volume*, after four consecutive months of decline (-0.3% in July). In particular, car purchases edged up and expenditure on fuel grew again.
In August, purchases of engineered goods increased anew (+0.9%) after a sharp decline in July (-1.7%).
Total consumption of goods
In August, expenditure on durables bounced back markedly (+1.9%), after a substantial drop in July (-2.8%). In particular, car purchases surged (+3.1%), especially in new cars, after four consecutive months of decline. To a lesser extent, expenditure on household durables picked up after a strong decline in July (-4.5%).
In August, expenses on textile-clothing were virtually stable (–0.1%) after a significant drop in July (–1.6%).
Household expenditure on other engineered goods was flat in August (after +0.3% in July). In particular, expenses on hardware fell again while perfume purchases kept on growing.
* Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading days and seasonally adjusted.
Breakdown of engineered goods
In August, consumption of energy grew again (+1.5% after +2.7% in July), especially in refined products (+3.5% after +7.6% in July), in particular in oil and diesel. Furthermore, expenses on electricity and gas levelled off after three months of decline.
Consumption of food products was stable in August, after being virtually stable in July (+0.1%). In detail, expenditure on agricultural goods decreased again, while consumption of processed agrifood went on rising, notably that of dairy products and tobacco.
Food and engineered goods
The variation in household expenditure on goods in July 2016 has been revised downwards by 0.1 points: it now stands at -0.3% instead of -0.2%. Since the previous publication, new information has been integrated, particularly concerning household durable, energy and textile, moreover the seasonal adjustment coefficients have been updated.
|Variation in percentage points|
|(1) Weighting in the consumption expenditure on goods in value|
|(2) Last three months / previous three months|
|Weight (1)||June 2016||July 2016||Aug. 2016||Aug. 16 / Aug. 15||Q/Q-1 (2)|
|- Inc. Durables||22||0.8||–2.8||1.9||4.0||–2.9|
|- Household durables||7||4.2||–4.5||0.9||8.9||–4.7|
|- Inc. Textile-clothing||9||1.4||–1.6||–0.1||–2.2||1.1|
|- Inc. Other engineered goods||13||–0.3||0.3||0.0||1.4||0.1|
|- Inc. Energy. water. waste||10||–0.5||–0.6||0.1||1.1||–4.0|
|- Inc. Refined Products||8||–14.2||7.6||3.5||–0.4||–4.8|
|- Inc. Manufactured goods||84||–1.1||0.0||1.0||1.6||–0.9|
n° 254 - September 30, 2016
Household consumption expenditure on goods - August 2016
Next issue October 28, 2016 08:45 - September 2016
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