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Household consumption expenditure on goods bounced back in January (+0.6%)Household consumption expenditure on goods - January 2017

In January 2017, household consumption expenditure on goods increased in volume*(+0.6%), after a steep decline in December 2016 (−1.0%). Spending on energy sped up sharply. Purchases of food products picked up. The downturn in durable goods mitigated the recovery in overall consumption on goods.

Informations rapides N° 54
No 54
Principaux indicateurs
Paru le : 28/02/2017
Prochaine parution le : 30/10/2018 at 08:45 - September 2018

In January 2017, household consumption expenditure on goods increased in volume*(+0.6%), after a steep decline in December 2016 (−1.0%). Spending on energy sped up sharply. Purchases of food products picked up. The downturn in durable goods mitigated the recovery in overall consumption on goods.

*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 : accelerating sharply

In January 2017, energy consumption shot up (+5.1%). Expenditure on gas and electricity soared, in particular for heating, after a drop in December. It was boosted by the coldest month of January since 2010. Purchases of refined products went also up (+1.6%), in particular in domestic heating oil.

Graph2 – Breakdown of energy

  • Source: INSEE

Engineered goods : declining again

In January, households reduced their consumption of engineered goods further (−1.0% after −0.7%). This drop is notably due to vehicle and clothing purchases.

Durables : steep downturn

In January, the decline in spending on durables deepened (−1.6% after −0.9% in December). Purchases of vehicles, in particular motorcycles, fell back sharply (−2.7%) after two months of rise. Conversely, expenditure on household durables picked up slightly after two months of decrease, despite a dip in furniture purchases.

Textile-clothing: decreasing

Expenses on clothing decreased for the third consecutive month. It fell deeper than in December (−2.2% after −0.5%). However, the drop was partially offset by an upturn in shoe purchases.

Other engineered goods: recovery

In January, households' purchases of other engineered goods recovered (+0.8% after −0.5%). In particular, expenditure on harware bounced back after two months of decline.

Graph3 – Breakdown of engineered goods

  • Source: INSEE

Food products : picking up slightly

In January, consumption of food products rebounded (+0.6%) after decreasing for four months (including −0.6% in December). In particular, spending on manufactured agrifoods rose anew, especially in dairy products. Furthermore, consumption of unprocessed agricultural goods levelled off after a quarter of steep downturn.

Graph4 – Food products, engineered goods and energy

  • Source: INSEE

The variation in December 2016 is revised downwards

The variation in household expenditure on goods in December 2016 is revised downwards by 0.2 points (−1.0% instead of −0.8%). Since the previous publication, new information has been integrated, particularly concerning textile-clothing and vehicles. Moreover, the seasonal adjustment coefficients have been updated.

Table – Household consumption expenditure on goods

Variation in percentage
Household consumption expenditure on goods
Weight (1) Nov. 2016 Dec. 2016 Jan. 2017 Jan. 17 / Jan. 16 Q / Q-1 (2)
Food products 38 -0.2 -0.6 0.6 0.2 -0.5
Engineered goods 45 0.8 -0.7 –1.0 -0.7 0.2
- Inc. Durables 22 1.5 -0.9 -1.6 -0.3 0.5
- Automobiles 12 3.0 1.1 -2.7 1.2 2.1
- Household durables 8 -0.6 -3.6 0.3 -1.7 -1.9
- Inc. Textile-clothing 9 -0.8 -0.5 -2.2 -5.3 -1.2
- Inc. Other engineered goods 13 0.6 -0.5 0.8 2.1 0.6
Energy 17 1.8 -2.7 5.1 10.1 3.7
- Inc. Energy. water. waste 10 1.9 –3.0 7.5 14.2 5.6
- Inc. Refined Products 7 1.7 -2.4 1.6 4.7 1.1
Total 100 0.6 –1.0 0.6 1.4 0.5
- Inc. Manufactured goods 84 0.5 -0.7 -0.1 0.5 0.1
  • (1) Weighting in the consumption expenditure on goods in value in 2016
  • (2) Last three months / previous three months