Despite a slight decline in December (-0.1%), household consumption on goods increased over the fourth quarter (+0.8%)Household consumption expenditure on goods - December 2013

In December, household consumption expenditure on goods declined slightly: –0.1% in volume*, after +1.4% in November. But taking into account the increases over the previous months, household consumption expenditure on goods rose over Q4. (+0.8%, after a stability in Q3). This rebound was mainly attributable to the acceleration in purchases on durables and in consumption of food products, as well as to the lower decline in consumption of energy products. It offset the downturn at the beginning of the year: overall in 2013 expenditure on goods rose slightly (+0.1% after –0.5% in 2012).

Informations rapides
No 29
Paru le : 31/01/2014
Prochaine parution le : 29/09/2017 at 08:45 - August 2017

In December, household consumption expenditure on goods declined slightly: –0.1% in volume*, after +1.4% in November. But taking into account the increases over the previous months, household consumption expenditure on goods rose over Q4. (+0.8%, after a stability in Q3). This rebound was mainly attributable to the acceleration in purchases on durables and in consumption of food products, as well as to the lower decline in consumption of energy products. It offset the downturn at the beginning of the year: overall in 2013 expenditure on goods rose slightly (+0.1% after –0.5% in 2012).

Engineered goods : increasing again

Durables: rebound in December

Household expenditure on durable goods bounced back in December (+1.9%, after –0.2% in November). This growth ensued mainly from the rebound in car purchases (+2.7%, after –0.2%), as households anticipated a strenghtening of penalties on the purchase of the most polluting cars implemented on January 1st, 2014. Purchases of household durables accelerated as well (+1.2%, after –0.3%).

Over the fourth quarter, expenditure on durable goods increased by 2.0%, after +0.9%: car purchases accelerated (+2.2%, after +0.9%), similarly as purchases on household durables (+1.9%, after +0.1%). However the rise of the three last quarters did not allow to offset the decline at the beginning of the year and consumption of household durables went down by 0.4% over the year (after –3.2% in 2012).

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

graph1_new_ang – Total consumption of goods

graph2_new_ang – Food and engineered goods

graph3_new_ang – Breakdown of engineered goods

Textile-leather: marked decline in December

In December, consumption of textile, clothing and leather stepped back (–3.2%) after bouncing back in November (+4.4%). Yet it continues to grow over Q4 (+1.2% after +1.9% in Q3).

Other engineered goods: almost stable in December

Consumption expenditure on other engineered goods were almost stable in December (–0.1%, after +0.1% in November), particularly in purchases on hardware. It went up slightly in Q4 (+0.3%, as in Q3).

Food products: rising

In December, consumption of food products rose slightly (+0.1% after –0.5% in November), mainly due to a rebound in expenditure on tobacco products which fell sharply in November. It continues to go up over the quarter (+1.0%, after +0.5% in Q3).

Energy: decreasing

After bouncing back in November (+7.0%) household consumption of energy products dropped in December (–1.4%), reflecting the impact of above average temperatures on heating expenditure (electricity, gas, fuel). Conversely, fuel expenditure picked up. Over the quarter, consumption of energy products dipped (– 0.9% after –3.1% in Q3). They grew by 1.4% in 2013.

The increase in November is confirmed

The increase of household consumption expenditure on goods is still estimated at +1.4% in November, as it was for the previous publication: some minor revisions offset each other.

graph4_new_ang – Energy

english_trim – Household consumption expenditure on goods

In chained billion euros
Oct. Nov. Dec. Dec.2013/ Q4 13/
2013 2013 2013 Dec.2012 Q3 13
Food products 14.969 14,897 14,913
Change (%) 1.5 –0.5 0.1 1.2 1.0
Engineered goods 20.739 20.903 20.955
Change (%) 0.4 0.8 0.2 1.3 1.3
Durables 10.942 10.920 11.125
Change (%) 1.1 –0.2 1.9 2.7 2.0
- Of which automobiles 4.557 4.548 4.672
Change (%) 1.3 –0.2 2.7 3.3 2.2
- Of which household durables 5.489 5.472 5.537
Change (%) 1.0 –0.3 1.2 2.2 1.9
Textile-leather 3.798 3.965 3.839
Change (%) –0.7 4.4 –3.2 –1.7 1.2
Other engineered goods 6.014 6.021 6.014
Change (%) 0.1 0.1 –0.1 0.8 0.3
Energy 6.080 6.503 6.412
Change (%) –4.1 7.0 –1.4 2.5 –0.9
Including petroleum products 3.687 3.888 3.900
Change (%) –4.5 5.5 0.3 2.9 –1.8
Total 41.685 42.276 42.227
Change (%) 0.0 1.4 –0.1 1.4 0.8
Manufactured goods 36.344 36.451 36.612
Change (%) 0.8 0.3 0.4 1.6 1.0