Household consumption expenditure on goods bounced back in November (+2.2%)Household consumption expenditure on goods - November 2017

In November 2017, household expenditure on goods bounced back by 2.2% in volume*, after −2.1% in October. Energy consumption increased strongly, enhanced by average temperatures lower than usual (in contrast with October). Textile-clothing purchases bounced back also, as well as food consumption. Only transport equipment purchases declined.

Informations rapides
No 345
Paru le : 22/12/2017
Prochaine parution le : 27/07/2018 at 08:45 - June 2018

In November 2017, household expenditure on goods bounced back by 2.2% in volume*, after −2.1% in October. Energy consumption increased strongly, enhanced by average temperatures lower than usual (in contrast with October). Textile-clothing purchases bounced back also, as well as food consumption. Only transport equipment purchases declined.

Graph1 – Total consumption of goods

  • Source: INSEE

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

Energy: upturn

In November 2017, energy consumption bounced back (+7.6% after −7.4%). Heat expenses increased strongly, due to average temperatures lower than the seasonal norm, in contrast with the mild temperatures of October. Refined products consumption increased, mainly driven by fuels purchases.

Graph2 – Breakdown of energy

  • Source: INSEE

Engineered goods: on the rise

In November 2017, purchases of engineered goods rebounded (+1.5% after −1.7%). They were mainly sustained by textile-clothing consumption.

Durables: slight rebound

In November, consumption of durables recovered (+0.4% after −0.9%). Expenses on household durables rose again, notably driven by purchases of audiovisual devices and furnitures.

However, transport equipment purchases diminished for the third consecutive month. In November, second-hand car purchases fell sharply.

Textile-clothing: bouncing back

In November, expenses on textile-clothing bounced back (+5.7% after a strong fall of 6.2% in October). Purchases of clothing and shoes contributed to most of this growth, while textile expenses increased more moderately.

Other engineered goods: slight growth

In November, expenditure on “other engineered goods” accelerated slightly. Among them, expenses on hardware were relatively dynamic.

Graph3 – Breakdown of engineered goods

  • Source: INSEE

Food products: rebound

In November 2017, food consumption increased (+0.7% after −0.2%). Consumption of unprocessed agricultural goods (fruits and vegetables) as well as transformed products consumption were ont the rise. In particular, meat products purchases were dynamic. Only tobacco consumption decreased.

Graph4 – Food products, engineered goods and energy

  • Source: INSEE

The variation in October 2017 is revised downwards

Compared to the previous estimate, the fall in household expenditure on goods in October 2017 is slightly amplified: −2.1% instead of −1.9%. New information has been integrated indeed 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) Sep. 2017 Oct. 2017 Nov. 2017 Nov. 17 / Nov. 16 Q / Q-1 (2)
Food products 38 0.8 –0.2 0.7 1.3 0.3
- excl. Tobacco 35 0.9 –0.3 0.9 1.4 0.4
Engineered goods 45 0.4 –1.7 1.5 1.9 0.2
- Durables 22 0.3 –0.9 0.4 1.8 0.1
Including :
- Transport equipment 12 –0.2 –0.2 –0.5 0.3 –0.2
- Household durables 7 1.3 –2.6 1.6 4.7 0.4
- Textile-clothing 9 1.2 –6.2 5.7 3.1 0.2
- Other engineered goods 13 –0.2 0.0 0.5 1.2 0.3
Energy 17 3.3 –7.4 7.6 –0.8 0.8
- Energy, water, waste 10 1.9 –6.7 10.4 –0.8 1.2
- Refined Products 7 5.3 –8.2 3.8 –0.9 0.2
Total 100 1.0 –2.1 2.2 1.2 0.3
- Including Manufactured goods 84 1.0 –1.7 1.4 1.6 0.4
  • (1) Weighting in the consumption expenditure on goods in value in 2016
  • (2) Last three months / previous three months