Consumption is still vigorous in 2006 despite the decline in the automobile sector
In 2006, household consumption expenditure increased by 2.1% in volume following a rise of +2.2% in 2005. The rise in prices has remained almost the same for four years: + 1.9% in 2006 after an average + 1.8% yearly for 2003 to 2005. Since the beginning of the 2000s, households have, through their savings pattern, smoothed out the uncertainties impacting on their increasing purchasing power and in this way purchases have continued to exhibit a stable and solid rate of growth. The dynamism of household consumption is once again demonstrated in 2006 by the very vigorous nature of purchases of information and communications technology goods and services. In contrast, the strong decline in purchases of new automobiles, mainly from French manufacturers, has limited the rise in overall expenditure.