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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.
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%).
In January, purchases of engineered goods kept growing (+0.7%), though at a slower pace than in December (+1.9%).
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%).
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
Food and engineered goods
Breakdown of engineered goods
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.
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 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.
|Variation in percentages|
|(1) Weighting in the consumption expenditure on goods in value|
|(2) Last three months / previous three months|
|Weight (1)||Nov. 2015||Dec. 2015||Jan. 2016||Jan. 16 / Jan. 15||Q / Q-1 (2)|
|- Inc. Durables||21||0,4||1,6||0,6||4,5||1,1|
|- 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|
|- 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|
|- Inc. Manufactured goods||85||–0,4||1,9||–0,3||1,3||0,3|
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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