The increase in purchasing power boosted household consumption in 2015

Nathalie Morer, division Synthèses des biens et services, Insee

Households benefitted from an acceleration in their purchasing power in 2015: their gross disposable income increased more markedly in 2014 in a context of falling prices. These increases in purchasing power were mainly reflected in their consumption expenditure, which rose 1.5% after + 0.7% in 2014. Their savings ratio increased slightly (+ 0.1 percentage points, as in 2014). Car purchases contributed most to the increase in expenditure; these rebounded considerably after several difficult years. Housing-related expenditure also recovering due to a rising heating budget, after a particularly mild year 2014. In addition, food consumption accelerated. In contrast, spending on telecommunications services and technological goods contracted. Spending on leisure rose at the same pace as in 2014.

Insee Première
No 1601
Paru le : 13/06/2016