Household consumption expenditure on goods rose again in November (+0.4%)Household consumption expenditure on goods - November 2016

In November 2016, household consumption expenditure on goods increased again in volume*: +0.4% after +0.8%. In particular, car purchases picked up and expenses on energy rose once more, though at a more moderate pace than in October.

Informations rapides
No 344
Paru le : 23/12/2016
Prochaine parution le : 28/07/2017 at 08:45 - June 2017

In November 2016, household consumption expenditure on goods increased again in volume*: +0.4% after +0.8%. In particular, car purchases picked up and expenses on energy rose once more, though at a more moderate pace than in October.

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

Graph1 – Total consumption of goods

  • Source: INSEE

Energy: slowing down

In November, energy consumption grew again (+1.4%), but less vigorously than in October (+3.6%). Spending on gas and electricity kept on rising, due to temperatures still lower than seasonal norms. Refined product consumption slowed down but remained dynamic (+1.7% after 2.7%), driven by expenses on fuel.

Graph2 – Breakdown of energy

  • Source: INSEE

Engineered goods: moderate growth

In November, consumption of engineered goods rose moderately (+0.3% after +0.5%), buoyed by dynamic car purchases. However, expenditure on clothing declined.

Durables: further rise

In November, spending on durables increased for the fourth consecutive month (+0.9%). In particular, purchases of new cars and motorcycles bounced back sharply. Nevertheless, purchases of household durables fell back (−0.9% after +1.6%). TV set purchases plummeted in particular, after a very dynamic first half-year.

Textile-clothing: downturn

In November, spending on textile-clothing decreased anew (–0.9% after +1.8%). In particular, footwear purchases fell down after picking up sharply in October.

Other engineered goods: decelerating slightly

In November, household expenditure on other engineered goods decelerated slightly (+0.3% after +0.4%), due notably to a drop in hardware spending.

Graph3 – Breakdown of engineered goods

  • Source: INSEE

Food products: virtually stable

Consumption of food products was virtually stable as in the previous two months: in November, the fall in fresh product consumption was offset by a slight rise in purchases of processed agrifoods. In particular, consumption of dairy products increased again, following an upward trend since the beginning of the year.

Graph4 – Food products, engineered goods and energy

The variation in October 2016 is slightly revised downwards

The variation in household expenditure on goods in October 2016 is slightly revised downwards by 0.1 points: it now stands at +0.8% instead of +0.9%. Since the previous publication, new information has been integrated, particularly concerning household durables. Moreover, the seasonal adjustment coefficients have been updated.

Table – Household consumption expenditure on goods

Variation in percentage
Household consumption expenditure on goods
Weight (1) Sept. 2016 Oct. 2016 Nov. 2016 Nov. 16 / Nov. 15 Q/Q-1 (2)
Food products 38 0.1 –0.1 0.1 0.9 0.3
Engineered goods 45 –0.3 0.5 0.3 3.4 0.4
- Inc. Durables 22 0.4 0.1 0.9 4.8 1.0
- Automobiles 12 0.3 –1.0 2.4 4.2 2.1
- Household durables 7 –0.4 1.6 –0.9 6.5 –1.3
- Inc. Textile-clothing 9 –1.7 1.8 –0.9 2.0 –1.0
- Inc. Other engineered goods 13 –0.5 0.4 0.3 2.2 0.4
Energy 17 –1.8 3.6 1.4 8.3 3.0
- Inc. Energy. water. waste 10 –0.8 4.4 1.2 8.7 2.3
- Inc. Refined Products 8 –3.0 2.7 1.7 7.9 4.0
Total 100 –0.4 0.8 0.4 3.3 0.8
- Inc. Manufactured goods 84 –0.5 0.5 0.4 3.0 0.7
  • (1) Weighting in the consumption expenditure on goods in value
  • (2) Last three months / previous three months