Insee conjoncture
30 janvier 2018
N° 2018-24

Household consumption expenditure on goods was down in November (−1.2%) but almost stable over the fourth quarter 2017 (−0.1%)Household consumption expenditure on goods - December 2017

In December 2017, household expenditure on goods declined in volume* (−1.2%), after a sharp rise in November (+3.0% after −2.1% in October). Food consumption and purchases of durable goods both fell sharply. Over the last quarter 2017, expenditure on goods was virtually stable (−0.1%).

Informations rapides
No 24
Paru le : 30/01/2018
Prochaine parution le : 21/12/2018 at 08:45 - November 2018

In December 2017, household expenditure on goods declined in volume* (−1.2%), after a sharp rise in November (+3.0% after −2.1% in October). Food consumption and purchases of durable goods both fell sharply. Over the last quarter 2017, expenditure on goods was virtually stable (−0.1%).

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

Graph1Total consumption of goods

  • Source: INSEE

Food products: marked downturn

In December 2017, food consumption diminished (−1.4%), after rising strongly in November (+1.4%). Purchases of processed agrifoods declined, especially expenditure on dairy products, meat products and manufactured goods (canned food, condiments, etc.). Likewise, agricultural good purchases along with beverage and tobacco consumption shrank. Over the quarter, food consumption increased slightly (+0.4%).

Graph2Food products, engineered goods and energy

  • Source: INSEE

Engineered goods: sharp fall

In December 2017, expenses on engineered goods fell markedly (−1.4% after +2.6% in November). They were almost stable over the quarter (−0.1%).

Durables: pronounced decline

In December, consumption of durables fell strongly (−2.0% after +2.4% in November). Consumption of household durables, in particular audiovisual devices, smartphones and computers suffered the repercussions of November's buoyant spending.

However, transport equipment expenditure recovered significantly in December (+0.9%), driven by new vehicule purchases. Over the quarter, purchases of durables rose slightly (+0.5%)

Textile-clothing: decreasing

In December, expenses on textile-clothing decreased (−1.9%) after a sharp upturn in November (+6.4% after −6.3% in October). In particular, purchases of clothing fell noticeably. Over the quarter, expenditure on textile-clothing declined (−2.1%).

Other engineered goods: almost stable

In December, expenses on “other engineered goods” were virtually stable (+0.1%). Perfume consumption increased while DIY material expenditure declined. Over the whole quarter, expenses on “other engineered goods” were almost stable (+0.1%).

Graph3Breakdown of engineered goods

  • Source: INSEE

Energy: slight decline

In December 2017, energy consumption decreased slightly (−0.4%) after a strong rebound in November (+8.1% after −7.8% in October). Refined product consumption, in particular motor vehicle fuels, was up again (+3.4% after +4.0% in November), partially offsetting the drop in gas and electricity expenditure. Over the quarter, energy consumption was down (−0.9%).

Graph4Breakdown of energy

  • Source: INSEE

The variation in November 2017 is revised upwards

Compared to the previous estimate, the variation in household expenditure on goods in November 2017 is revised upwards: +3.0% instead of +2.2%.

New information has indeed been integrated, in particular concerning household durables (especially audiovisual equipment and smartphone expenditure). Besides, the seasonal adjustment coefficients have been updated.

TableHousehold consumption expenditure on goods

Changes in %, TD-SA
Household consumption expenditure on goods
Weight (1) Oct. 2017 Nov. 2017 Dec. 2017 Dec. 17 / Dec. 16 Q4/Q3
Food products 38 –0.2 1.4 –1.4 0.4 0.4
- excl. Tobacco 35 –0.3 1.7 –1.3 1.0 0.6
Engineered goods 44 –1.5 2.6 –1.4 1.3 –0.1
- Durables 22 –0.4 2.4 –2.0 2.0 0.5
Including :
- Transport equipment 12 0.7 0.0 0.9 1.2 0.7
- Household durables 7 –2.5 6.8 –6.5 3.8 0.1
- Textile-clothing 9 –6.3 6.4 –1.9 0.2 –2.1
- Other engineered goods 13 –0.2 0.4 0.1 0.9 0.1
Energy 18 –7.8 8.1 –0.4 1.7 –0.9
- Energy, water, waste 10 –7.5 11.1 –3.1 –0.2 –0.5
- Refined Products 8 –8.2 4.0 3.4 4.4 –1.4
Total 100 –2.1 3.0 –1.2 1.0 –0.1
- Including Manufactured goods 84 –1.5 2.2 –1.0 1.3 0.1
  • (1) Weighting in the consumption expenditure on goods in value in 2016

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Prochaine parution le : 21/12/2018 at 08:45 - November 2018