Household consumption expenditure on goods bounced back in September (+0.9%) and increased again over the third quarter (+0.7%)Household consumption expenditure on goods - September 2017

In September 2017, household consumption expenditure on goods increased by 0.9% in volume*, after falling by 0.2% in August. Expenses on energy accelerated while food products' purchases bounced back. Over the whole third quarter, expenses on goods accelerated slightly (+0.7% after +0.6%), driven by expenditure on energy, clothing and household durables.

Informations rapides
No 291
Paru le : 31/10/2017
Prochaine parution le : 29/11/2017 at 08:45 - October 2017

In September 2017, household consumption expenditure on goods increased by 0.9% in volume*, after falling by 0.2% in August. Expenses on energy accelerated while food products' purchases bounced back. Over the whole third quarter, expenses on goods accelerated slightly (+0.7% after +0.6%), driven by expenditure on energy, clothing and household durables.

*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: acceleration in September and over the quarter

In September 2017, energy consumption accelerated (+3.3% after +0.4%). Fuels purchases increased sharply (+5.1%), as well as heating expenses, as a result of lower temperatures than the seasonal norm. Over the quarter, expenses on energy also accelerated (+1.6% after +0.5%).

Graph2 – Breakdown of energy

  • Source: INSEE

Food products: upturn in September, decline over the quarter

In September 2017, food products purchases bounced back after a strong fall in August (+0.8% after −1.1%). This change was notably due to a recovery in meat and transformed products (canned food, condiments, etc.) consumption. Over the whole quarter, food products expenses stepped back (−0.5%) after two quarters of rise.

Graph3 – Food products, engineered goods and energy

  • Source: INSEE

Engineered goods: virtual stability in September, acceleration over the quarter

In September 2017, purchases of engineered goods were virtually stable. However, they remained dynamic over the whole quarter (+1.3% after +0.5%), especially regarding household durables and textile-clothing. In 2017, the sale season started a little bit later than in the previous years, which presumably bolstered the consumption in Q3.

Durables: very slight increase in September, acceleration over the quarter

In September, purchases of durables increased marginally (+0.2%): the rebound in household durables compensated the decline in transport equipment. Over the whole quarter, expenses on durables accelerated (+1.5% after +1.1%), partly due to audiovisual equipments purchases.

Textile-clothing: increasing again in September, bouncing over the quarter

In September, expenses on textile-clothing increased for the third consecutive month. Purchases of clothing and shoes increased, while textile expenditure declined. Over the whole quarter, expenses recovered (+1.8% after two slightly declining quarters).

Other engineered goods: fall in September, rebound over the quarter

In September, expenses on “other engineered goods” decreased (−0.5%) after four consecutive months of growth. This is mainly due to the decline in beauty products and perfume's purchases. Over the whole quarter, expenses bounced back (+0.7% after −0.1%).

Graph4 – Breakdown of engineered goods

  • Source: INSEE

The variation in August 2017 is slightly revised upwards

Compared to the previous estimate, the variation in household expenditure on goods in August 2017 is slightly revised upwards: −0.2% instead of −0.3%. Since the previous publication, new information has been integrated and the seasonal adjustment coefficients have been updated.

Table – Household consumption expenditure on goods

Changes in %, TD-SA
Household consumption expenditure on goods
Weight (1) June 2017 July 2017 Aug. 2017 Sept. 17 /Sept. 16 Q3/Q2
Food products 38 0,5 –1,1 0,8 0,4 –0,5
- excl. Tobacco 35 0,7 –1,1 0,9 0,9 –0,5
Engineered goods 45 1,2 0,2 0,1 4,0 1,3
- Durables 22 0,9 0,1 0,2 3,9 1,5
Including:
- Transport equipment 12 –0,8 0,8 –0,3 2,3 0,6
- Household durables 7 3,8 –1,2 1,1 7,9 3,2
- Textile-clothing 9 3,6 0,5 0,7 8,4 1,8
- Other engineered goods 13 0,2 0,2 –0,5 1,1 0,7
Energy 17 –0,3 0,4 3,3 5,2 1,6
- Energy, water, waste 10 0,9 0,5 1,9 3,9 1,9
- Refined Products 7 –1,8 0,3 5,1 7,1 1,3
Total 100 0,7 –0,2 0,9 2,8 0,7
- Including Manufactured goods 84 0,7 –0,2 0,8 2,9 0,7
  • (1) Weighting in the consumption expenditure on goods in value in 2016