Household consumption expenditure on goods bounced back in August 2016 (+0.7%)Household consumption expenditure on goods - August 2016

In August 2016, household consumption expenditure on goods bounced back: they rose by 0.7% in volume*, after four consecutive months of decline (-0.3% in July). In particular, car purchases edged up and expenditure on fuel grew again.

Informations rapides
No 254
Paru le : 30/09/2016
Prochaine parution le : 29/11/2017 at 08:45 - October 2017

In August 2016, household consumption expenditure on goods bounced back: they rose by 0.7% in volume*, after four consecutive months of decline (−0.3% in July). In particular, car purchases edged up and expenditure on fuel grew again.

Engineered goods: increasing anew

In August, purchases of engineered goods increased anew (+0.9%) after a sharp decline in July (−1.7%).

graph1_new_ang – Total consumption of goods

  • Source: INSEE

Durables: marked rebound

In August, expenditure on durables bounced back markedly (+1.9%), after a substantial drop in July (−2.8%). In particular, car purchases surged (+3.1%), especially in new cars, after four consecutive months of decline. To a lesser extent, expenditure on household durables picked up after a strong decline in July (−4.5%).

Textile-clothing: virtually stable

In August, expenses on textile-clothing were virtually stable (–0.1%) after a significant drop in July (–1.6%).

Other engineered goods: stability

Household expenditure on other engineered goods was flat in August (after +0.3% in July). In particular, expenses on hardware fell again while perfume purchases kept on growing.

* Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading days and seasonally adjusted.

graph3_new_ang – Breakdown of engineered goods

  • Source: INSEE

Energy: further rise

In August, consumption of energy grew again (+1.5% after +2.7% in July), especially in refined products (+3.5% after +7.6% in July), in particular in oil and diesel. Furthermore, expenses on electricity and gas levelled off after three months of decline.

Food products: stability

Consumption of food products was stable in August, after being virtually stable in July (+0.1%). In detail, expenditure on agricultural goods decreased again, while consumption of processed agrifood went on rising, notably that of dairy products and tobacco.

graph4_new_ang – Energy

  • Source: INSEE

graph2_new_ang – Food and engineered goods

  • Source: INSEE

The variation in July 2016 is slightly revised downwards

The variation in household expenditure on goods in July 2016 has been revised downwards by 0.1 points: it now stands at −0.3% instead of −0.2%. Since the previous publication, new information has been integrated, particularly concerning household durable, energy and textile, moreover the seasonal adjustment coefficients have been updated.

tab1_eng – Household consumption expenditure on goods

Variation in percentage points
Household consumption expenditure on goods
Weight (1) June 2016 July 2016 Aug. 2016 Aug. 16 / Aug. 15 Q/Q-1 (2)
Food products 38 0.2 0.1 0.0 0.3 0.2
Engineered goods 45 0.6 –1.7 0.9 1.9 –1.2
- Inc. Durables 22 0.8 –2.8 1.9 4.0 –2.9
- Automobiles 12 –1.3 –2.1 3.1 1.8 –2.2
- Household durables 7 4.2 –4.5 0.9 8.9 –4.7
- Inc. Textile-clothing 9 1.4 –1.6 –0.1 –2.2 1.1
- Inc. Other engineered goods 13 –0.3 0.3 0.0 1.4 0.1
Energy 17 –6.7 2.7 1.5 0.3 –4.4
- Inc. Energy. water. waste 10 –0.5 –0.6 0.1 1.1 –4.0
- Inc. Refined Products 8 –14.2 7.6 3.5 –0.4 –4.8
Total 100 –0.8 –0.3 0.7 1.0 –1.2
- Inc. Manufactured goods 84 –1.1 0.0 1.0 1.6 –0.9
  • (1) Weighting in the consumption expenditure on goods in value
  • (2) Last three months / previous three months
  • Source: INSEE