Despite a rebound in December (+0.7%), household consumption of goods declined over the fourth quarter of 2015 (−0.9%)Household consumption expenditure on goods - December 2015
In December 2015, household consumption expenditure on goods picked up, growing by 0.7% in volume* after a marked decrease in November (-1.4%). In particular, expenditure on textile-clothing bounced back and food products consumption accelerated.
- Engineered goods: rebound in December, downturn over the quarter
- Textile-clothing: considerable rebound
- Durables: on the rise
- Other engineered goods: growing
- Energy: dropping again in December, downturn over the quarter
- Food products: increasing in December and over the quarter
- The variation in November 2015 is revised downwards
In December 2015, household consumption expenditure on goods picked up, growing by 0.7% in volume* after a marked decrease in November (−1.4%). In particular, expenditure on textile-clothing bounced back and food products consumption accelerated.
Over the fourth quarter, household consumption expenditure slipped back (−0.9% after +0.7%), driven down primarily by the sharp drop in energy consumption. However, over the year 2015, household consumption accelerated substantially (+1.8% after −0.2%), mainly due to the rebound in energy consumption.
Engineered goods: rebound in December, downturn over the quarter
In December, purchases of engineered goods picked up (+1.6% after −0.8% in November), mainly because of textile-clothing. However, they edged down by 0.8% over the quarter.
Textile-clothing: considerable rebound
Expenditure on textile-clothing climbed markedly again in December (+4.2%) after slipping for three consecutive months. Over the fourth quarter, expenditure fell back sharply (−3.0% after +2.0%).
Durables: on the rise
In December, expenditure on durable goods kept growing (+1.1%), at faster pace than in November (+0.3%). This acceleration was driven up by a rebound in car purchases (+1.7% after −0.3%).
Over the fourth quarter, however expenditure on durable goods weakened (−0.6%), hampered notably by a dip in car purchases (−1.5% after 0.0%) as well as by a sharp slowdown in expenditure on household durables (+0.5% after +2.5%).
[* Volumes are chained and all figures are trading days and seasonally adjusted.]
Other engineered goods: growing
In December, expenditure on other engineered goods went up anew (+0.7% after a stagnation in November), thanks to hardware purchases. Over the quarter, expenditure on other engineered goods edged up (+0.5% after +0.2%).
Energy: dropping again in December, downturn over the quarter
In December, energy expenditure dropped once again (−2.5% after −7.1%). In particular, spending on gas and electricity continued to plummet because of exceptionally mild temperatures, and hit its lowest level since March 2002. Conversely, consumption of refined products recovered (+5.6%, after decreasing for three months in a row), especially that of domestic heating oil.
Over the fourth quarter, energy expenditure declined sharply (−3.5% after +1.8% over the third quarter).
Food products: increasing in December and over the quarter
In December, consumption of food products gathered pace. It grew by 1.2% within a month (after +0.6%), its highest increase since June 2014. Over the fourth quarter, consumption picked up (+0.3% after −0.2%).
The variation in November 2015 is revised downwards
The variation of household expenditure on goods in November 2015 is revised downwards by 0.3 points: it now stands at −1.4%, instead of −1.1%. Indeed, since the previous publication, new information has been integrated, mainly regarding energy, and the seasonal adjustment coefficients have been updated.
tableau tab1_eng – Household consumption expenditure on goods
|Weight (1)||Oct. 2015||Nov. 2015||Dec. 2015||Dec. 15 / Dec. 14||Q4 / Q3 2015|
|- Inc. Durables||21||–2.1||0.3||1.1||4.4||–0.6|
|- Household durables||7||0.2||0.4||0.0||4.8||0.5|
|- Inc. Textile-clothing||10||–1.2||–4.5||4.2||–2.3||–3.0|
|- Inc. Other engineered goods||13||–0.1||0.0||0.7||1.9||0.5|
|- Inc. Energy, water, waste||10||5.5||–11.4||–9.8||–14.1||–4.4|
|- Inc. Refined Products||9||–1.8||–1.9||5.6||–1.3||–2.6|
|- Inc. Manufactured goods||85||–0.8||–0.4||1.7||1.9||–0.5|
- (1) Weighting in the consumption expenditure on goods in value
- Source: INSEE