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In January 2016, household consumption expenditure on goods rose again (+0.6%)

In January 2016, household consumption expenditure on goods grew by 0.6% in volume* (after +1.0%). Expenditure on energy bounced back sharply and consumption of household durables kept increasing at a sustained pace. However, purchases of food products fell back clearly.

Energy: sharp rebound

In January, expenditure on energy recovered sharply (+3.4%), after two consecutive months of steep declines. The return to temperatures closer to seasonal norms led to a rebound in the expenses on gas and electricity for heating purposes. However, consumption of refined products decreased anew (-3.7%) after a strong growth in December (+5.5%).

Engineered goods: increasing again

In January, purchases of engineered goods kept growing (+0.7%), though at a slower pace than in December (+1.9%).

Durables: third month of growth in a row

In January, consumption of durables grew again (+0.6%), after a stronger rise in December (+1.6%). Spending on household durables remained sustained (+1.6%), driven primarily by purchases of consumer electronics products. However, purchases of automobiles were virtually stable (-0.1%).

Textile-clothing: more moderate growth

In January, expenditure on textile-clothing increased again (+1.4%), after a sharp rebound in December (+4.1%). The increase in January results mainly from shoes purchases.

* Volumes are chained and all figures are trading days and seasonally adjusted.

Total consumption of goods

Total consumption of goods

Source: INSEE

Food and engineered goods

Food and engineered goods

Source: INSEE

Breakdown of engineered goods

Breakdown of engineered goods

Source: INSEE

Other engineered goods: further increase

In January, expenditure on other engineered goods grew for the second consecutive month (+0.4% after +0.9%), particularly expenditure on hardware and purchases of perfume.

Food products: sharp decline

After two months of rise, consumption of food products dropped clearly (-0.8%). In particular, consumers reduced their purchases of meat and tobacco.

The variation in December 2015 is revised upwards

The variation of household expenditure on goods in December 2015 has been revised upwards by 0.3 points: it now stands at +1.0%, instead of +0.7%. Indeed, since the previous publication, new information has been integrated, mainly regarding energy, and the seasonal adjustment coefficients have been updated.

Energy

Energy

Source: INSEE

Household consumption expenditure on goods
Variation in percentages
(1) Weighting in the consumption expenditure on goods in value
(2) Last three months / previous three months
Source: INSEE
Weight (1) Nov. 2015 Dec. 2015 Jan. 2016 Jan. 16 / Jan. 15 Q / Q-1 (2)
Food products 38 0,7 1,2 –0,8 1,1 1,0
Engineered goods 44 –0,8 1,9 0,7 2,0 0,1
- Inc. Durables 21 0,4 1,6 0,6 4,5 1,1
- Automobiles 11 0,1 1,8 –0,1 2,8 0,2
- Household durables 7 0,3 1,6 1,6 7,1 2,1
- Inc. Textile-clothing 10 –4,8 4,1 1,4 –2,5 –2,7
- Inc. Other engineered goods 13 –0,1 0,9 0,4 1,4 0,7
Energy 18 –6,1 –1,6 3,4 –3,8 –4,7
- Inc. Energy, water, waste 10 –9,6 –7,9 10,5 –4,7 –7,4
- Inc. Refined Products 9 –1,8 5,5 –3,7 –2,7 –1,6
Total 100 –1,3 1,0 0,6 0,6 –0,4
- Inc. Manufactured goods 85 –0,4 1,9 –0,3 1,3 0,3

Informations Rapides

n° 52 - February 26, 2016

Household consumption expenditure on goods - January 2016

Next issue July 29, 2016 08:45 - June 2016

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