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Household consumption of goods decreased in September (-0.8%), but increased over the third quarter (+0.2%)

In September, household consumption expenditure on goods decreased: –0.8% in volume*, after +0.9% in August. This step back was mainly attributable to the marked drop in consumption of textile, clothing and leather (–7.2% in september). Yet it grew over the quarter (+0.2%) mainly as a result from a rise in consumption of energy products and durable goods.

Engineered goods : declining in September, increasing slightly over the quarter

Durables: increasing over the quarter

Household expenditure on durable goods stepped back in September (–0.4%), after a growth in August (+0.6%). Expenditure on household durables dropped distinctly this past month (–3.1%), after two consecutive months of increase. Car purchases went up again (+0.9% after +0.3%), after a decrease in July (–1.7%).

Over the quarter, expenditure on durable goods decelerated (+0.4% after +1.0% in Q2). This change was mainly attributable to car purchases, which went down 0.9% in Q3. Conversely, expenditure on household durables picked up again in Q3 (+2.1% after +2.5% in Q2).

Textile-leather: slumping in September, declining slightly over the quarter

Consumption of textile, clothing and leather dropped markedly (–7.2% after +1.0%). It has been the largest decrease since May 2012. The downturn over Q3 was nonetheless less marked (–0.3%).

[* 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: almost stable

Consumption expenditure on other engineered goods edged down slightly in September (–0.3%, after +0.8%). It remained almost stable over the quarter (+0.1%).

Food products: increasing in September, decreasing slightly over the quarter

In September, consumption of food products increased again but slowed down (+0.4% after +0.9% in August). As a whole, it eased back in Q3 (–0.3%, after +0.9% in Q2).

Energy: slipping in September, rising over the quarter

After recovering in August (+1.2%), household consumption of energy products dipped in September (–0.6%), the heat consumption falling notably because of above average temperatures.

Over the quarter, consumption of energy products decelerated (+1.2% after +2.2% in Q2).

The variation in August is scaled up by 0.2 points

Household consumption of goods is now estimated at +0.9% in August, instead of +0.7% estimated for the previous publication. Conversely, the estimation in May is scaled down by 0.5 points, at +0.1%.

This revision is mainly due to the updating of the seasonal adjustment coefficients, as well as the integration of new information on the indicators commonly used, mainly on household durables and car equipment.

Energy

Energy
Household consumption expenditure on goods
In chained billion euros
July Aug. Sept. Sept.2014/ Q3 14/
2014 2014 2014 Sept.2013 Q2 14
Food products 15.691 15.826 15.888
Change (%) –1.4 0.9 0.4 1.4 –0.3
Engineered goods 19.826 19.978 19.618
Change (%) –0.2 0.8 –1.8 –0.3 0.2
Durables 9.852 9.915 9.875
Change (%) 0.1 0.6 –0.4 2.6 0.4
- of which automobiles 4.596 4.612 4.655
Change (%) –1.7 0.3 0.9 0.8 –0.9
- of which household durables 4.032 4.097 3.972
Change (%) 2.2 1.6 –3.1 5.0 2.1
Textile-leather 4.043 4.082 3.788
Change (%) –0.5 1.0 –7.2 –7.1 –0.3
Other engineered goods 5.933 5.982 5.966
Change (%) –0.2 0.8 –0.3 0.1 0.1
Energy 7.042 7.130 7.084
Change (%) –0.9 1.2 –0.6 –1.3 1.2
- including petroleum products 4.345 4.441 4.398
Change (%) –1.8 2.2 –1.0 –0.7 1.2
Total 42.552 42.929 42.600
Change (%) –0.8 0.9 –0.8 0.2 0.2
Manufactured goods 36.374 36.752 36.493
Change (%) –0.9 1.0 –0.7 0.7 0.1

Informations Rapides

n° 252 - October 31, 2014

Household consumption expenditure on goods - September 2014

Next issue November 28, 2014 08:45 - October 2014

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