Insee conjoncture
28 février 2018
N° 2018-55

Household consumption expenditure on goods declined again in January 2018 (−1.9%)Household consumption expenditure on goods - January 2018

In January 2018, households expenditure on goods declined in volume* after a month of December already declining (−1.9% after −1.2%). This decrease was mainly due to the drop in energy consumption, related to an exceptionnally mild month of January. Transport equipment purchases diminished also. Only household durables expenses tended to increase.

Informations rapides
No 55
Paru le : 28/02/2018
Prochaine parution le : 21/12/2018 at 08:45 - November 2018

In January 2018, households expenditure on goods declined in volume* after a month of December already declining (−1.9% after −1.2%). This decrease was mainly due to the drop in energy consumption, related to an exceptionnally mild month of January. Transport equipment purchases diminished also. Only household durables expenses tended to increase.

*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

Energy: strong decline

In January 2018, energy consumption decreased strongly (−7.6%): heating expenses were particularly low, given that January 2018 was the mildest month of January since 1900. Refined products consumption diminished also, for all types of fuel (gasoline, diesel, heating oil, butane, propane).

Graph2Breakdown of energy

  • Source: INSEE

Engineered goods: falling again

In January 2018, expenses on engineered goods fell for the second consecutive month, however to a lesser extent than in December (−0.8% after −1.5%).

Durables: declining again

In January, consumption of durables decreased again (−1.1% after −1.7%). Purchases of transport equipment decreased very sharply (−3.0%), in particular purchases of new and second-hand cars; but also the ones of motocycles and recreational vehicles.

However, expenses on household durables bounced back slightly (+1,7% after −6.8%), as for instance purchases of audiovisual, electronic and telephonic devices.

Textile-clothing: further decline

In January, expenses on textile-clothing decreased again (−1.3% after −2.2%). Notably, expenses on clothes decreased for the second consecutive month.

Other engineered goods: almost stable

In January, expenses on “other engineered goods” were virtually stable (+0.1% after −0.4%).

Graph3Breakdown of engineered goods

  • Source: INSEE

Food products: decreasing again

In January 2018, food consumption kept decreasing (−0.6% after −1.5%), in unprocessed products (fruits, vegetables) as well as in agrifood products (meat, milk) and drinks. However, tobbacco consumption was on the rise, after two months of decline.

Graph4Food products, engineered goods and energy

  • Source: INSEE

The variation in December 2017 is unchanged

Compared to the previous estimation, new information has been integrated, and the seasonal adjustment coefficients have been updated, without revising the change of December 2017(−1.2%).

TableHousehold consumption expenditure on goods

Changes in %, TD-SA
Household consumption expenditure on goods
Weight (1) Nov. 2017 Dec. 2017 Jan. 2018 Jan. 18 / Jan. 17 Q / Q-1 (2)
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
  • (2) Last three months / previous three months

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