29 July 2016

2016- n° 201

In June, household consumption expenditure on goods decreased again (−0.8%), it was stable over the second quarter (0.0% after +1.5%) Household consumption expenditure on goods - June 2016

In June 2016, household consumption expenditure on goods decreased: −0.8% in volume*, as in May. Consumption of food products, as well as expenses on textile-clothing and on durables, increased yet this rise does not offset the fall in energy consumption. Over the second quarter, household consumption of goods was stable (after 1.5%): expenses on food products declined whereas expenditure on gas and electricity remained brisk.

In June, consumption of energy tumbled significantly (−6.3% after −0.8%); it is its highest drop since June 2013. It comes from the sharp downturn in consumption of refined products (−14.3%) following the substantial rise in May (+8.0%), which was spurred by precautionary purchases during the social movements. However, expenditure on gas and electricity grew slightly after a marked decrease in May (+0.1% after −6.9%). Over the quarter, consumption of energy rose again markedly (+1.4% after +1.7%), in particular expenses on heating, which were driven by the relative coolness during the spring.

In June, purchases of engineered goods picked up slightly (+0.3% after −1.7%) as a result of a moderate rebound in durables consumption and of the increase in expenses on textile-clothing. However, purchases of engineered goods decelerated significantly over the quarter (0.0% after +2.3%).

In June, expenses on textile-clothing continued to grow (+0.7% after +2.0%), notably with a marked rebound in expenses on textile and leather. They fall back over the second quarter (−0.6% after +1.6%).

In June, consumption of durables bounced back moderately (+0.4% after −4.2%). Expenditure on household durables started climbing anew after a substantial downturn in May (+2.8% after −10.9%), bolstered notably by furniture purchases. Conversely, car purchases dipped for the third consecutive month (−1.2%). Over the quarter, consumption of durables kept increasing but decelerated (+0.5% after +3.6%), dampened by expenses on household durables (+2.8% after +7.9%) and car purchases (−0.9% after +1.8%).

In June, household expenditure on other engineered goods fell back slightly (−0.3% after +0.2%), mainly owing to the decline in purchases of perfumes. Over the quarter, expenditure on other engineered goods fell back likewise (−0.4% after +0.6%).

Consumption of food products went up again in June (+0.5% after +0.4%). Expenditure on agricultural goods increased significantly, whereas tobacco consumption declined. Over the quarter, food consumption fell back (−0.7% after +0.4%).

The variation of household expenditure on goods in May 2016 has been revised downwards by 0.1 point: it now stands at −0.8%, instead of −0.7%. Since the previous publication, new information has been integrated, particularly concerning household durables, and the seasonal adjustment coefficients have been updated.