In June, household consumption expenditure on goods continued to accelerate: +0.9% in volume*, after +0.7% in May. It rose over the quarter as well (+1.0%). This quarterly increase resulted mainly from a jump in consumption of energy products which occurred in May and in purchases of household durables.
Household expenditure on durable goods went up in June (+0.5%), after a downturn in May (–0.9%). Expenditure on household durables stepped back (–1.5%), especially on electronic consumer goods after a sharp increase in May. Car purchases picked up markedly (+2.1% after –3.5%).
Over the quarter, expenditure on durable goods rose by 1.0%. This growth was mainly attributable to expenditure on household durables, which accelerated in Q2 (+2.5% after +0.5% in Q1 2014). Car purchases increased slightly (+0.4%).
In June, consumption of textile, clothing and leather climbed for the second month in a row (+3.0% after +0.9% in May). However, it dipped over Q2 (–2.0%) after a slight rise in Q1 (+0.6%).
[* 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 decelerated in June (+0.1%, after +0.2% in May), and declined slightly over the quarter (–0.1%), affected mostly by weaker purchases on hardware.
In June, consumption of food products bounced back (+1.1% after –1.1% in May), as well as over the second quarter (+0.9%, after –0.9%).
After a significant rise in May, household consumption of energy products leveled off in June (+0.2% after +7.0% in May), the fall in consumption of gas and electricity being offset by a rise in consumption of fuel products.
Over the quarter, consumption of energy products picked up (+3.5% after –3.9% in Q1).
Household consumption of goods is now estimated at +0.7% in May, instead of +1.0% estimated for the previous publication.
This revision is mainly due to the integration of new information on car equipment, as well as the updating of the seasonal adjustment coefficients, notably in energy expenditure.
|In chained billion euros|
|- Of which automobiles||4.741||4.577||4.673|
|- Of which household durables||3.889||4.001||3.940|
|Other engineered goods||5.974||5.988||5.996|
|- Including petroleum products||4.205||4.474||4.573|
n° 180 - July 31, 2014
Household consumption expenditure on goods - June 2014
Next issue September 30, 2014 08:45 - July-August 2014
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