25 January 2011
2011- n° 26In December 2010, car purchases spurred households’ consumption in manufactured goods
again (+0.6%) Household consumption expenditure on goods - december 2010
In December, households’ consumption in manufactured goods increased by 0.6% in volume*, after having increased by 2.7% in November. Over the fourth quarter, these expenditures increased by 1.9%, after +1.2% in Q3. Over the year, consumption in manufactured goods is slightly more dynamic than in 2009 : +1.0% after +0.8%.
In December, households’ consumption in manufactured goods increased by 0.6% in volume*, after having increased by 2.7% in November. Over the fourth quarter, these expenditures increased by 1.9%, after +1.2% in Q3. Over the year, consumption in manufactured goods is slightly more dynamic than in 2009 : +1.0% after +0.8%.
[* Volumes are chained and all figures are trading days and seasonally adjusted.]
Durables: sharp increase in car purchases
In December, expenditures in durables increased (+3.6%) after a larger increase in November (+6.1%). Over the fourth quarter, these expenditures have increased by +6.6% after +1.0% in Q3.
This progression is imputable to car purchases (+8.6% after +14.1% in November, +15.4% over the quarter), rocketting before the scrappage program is cut off in January 1st. Nevertheless, the large drop in the first semester led to an overall decrease in 2010 : –3.0% after +7.9% in 2009.
Expenditures in household durables slightly decreased with respect to November (-0.5%), caused in particular by purchases in furnitures. Over the quarter, these purchases increased by +0.5%, and 2010 is quite dynamic (+7.1% after +5.4%).
Textile-leather: decrease in December
In December, expenditures in textile decreased by 1.0% after +2.7% in November. Over the fourth quarter, they decreased by 0.9% (after a sharp increase, +4.5% in Q3). 2010 renewed with growth (+1.8%), after two years of decline.
Other manufactured goods: decreasing as well
Expenditures in other manufactured goods decreased in December (-0.9% after +0.5% in November). This diminution is mainly imputable to hardware purchases. Over the last quarter, as over the entire year, this position is stable.
November growth of consumption in manufactured goods is slightly scaled down by 0.1 point
The growth of consumption in manufactured goods is now estimated at +2.7% (+2.8% initially announced). The variation of expenditures in durables is revised by –0.5 point; car purchases are revised by -0.8 point and those in household durables by -0.2 point. The change in consumption in textile expenditures is revised by -0.2 point. Expenditures in other manufactured goods are upgraded by 0.2 point.
These revisions are mainly due to the update of seasonal and working day adjustment. To a lesser extent, they are explained by new informations on other manufactured goods.
tableauenglish_trim – Households consumption expenditures in manufactured goods
| Oct. | Nov. | Dec. | Dec.10/ | Q4 10/ | |
|---|---|---|---|---|---|
| 2010 | 2010 | 2010 | Dec.09 | Q3 10 | |
| Manufactured goods | 22.243 | 22.847 | 22.981 | ||
| Change (%) | –0.6 | 2.7 | 0.6 | 0.4 | 1.9 |
| Durables | 9.011 | 9.561 | 9.908 | ||
| Change (%) | –1.7 | 6.1 | 3.6 | 0.9 | 6.6 |
| Of which: | |||||
| Automobiles | 2.755 | 3.144 | 3.414 | ||
| Change (%) | –4.4 | 14.1 | 8.6 | –2.9 | 15.4 |
| Household durables | 6.551 | 6.561 | 6.529 | ||
| Change (%) | 0.6 | 0.2 | –0.5 | 4.7 | 0.5 |
| Textile-leather | 4.042 | 4.152 | 4.110 | ||
| Change (%) | –0.3 | 2.7 | –1.0 | 1.5 | –0.9 |
| Other manufactured goods | 9.438 | 9.485 | 9.403 | ||
| Change (%) | –0.1 | 0.5 | –0.9 | 0.0 | 0.0 |
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