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Household consumption expenditure on goods was virtually stable in July (+0.1 %)Household consumption expenditure on goods - July 2018

In July 2018, household expenditure on goods slowed down: +0.1% in volume* after +0.3 % in june and +1.1 % in May. Consumption of food product increased a little (+0.2%) and the one of engineered goods was almost stable (+0.1%). Energy consumption decreased slightly (–0.2 %).

Informations rapides N° 224
No 224
Principaux indicateurs
Paru le : 29/08/2018
Prochaine parution le : 21/12/2018 at 08:45 - November 2018

In July 2018, household expenditure on goods slowed down: +0.1% in volume* after +0.3 % in june and +1.1 % in May. Consumption of food product increased a little (+0.2%) and the one of engineered goods was almost stable (+0.1%). Energy consumption decreased slightly (–0.2 %).

Graph1 – Total consumption of goods

  • Source: INSEE

*Volumes are measured at chain-link previous year prices (2014 euro billions) and all figures are trading-day and seasonally adjusted.

Food products: small rise

In July, food consumption increased slightly (+0.2%). In particular, purchases of agri-food products (dairy products, cereals, pasta, cans of food, etc.) increased a little, as well as the sales of drinks. However, the consumption of meat and meat products declined slightly. Tobacco consumption declined for the second consecutive month.

Graph2 – Food products, engineered goods and energy

  • Source: INSEE

Engineered goods: slowdown

In July, expenditure on engineered goods slowed down (+0.1% after +0.4% in June).

Durables: slight step back

Consumption of durables decreased in July (–0.3%), after two months of increase. Spending on household durables decreased clearly (–0.8% after +2.3%). In particular, purchases of television sets dropped sharply, after two consecutive months of increase related to the Football World Cup. Purchases of transport equipement were almost at the same level as in June (+0.1%), in spite of a reduction in second-hand car purchases.

Graph3 – Breakdown of engineered goods

  • Source: INSEE

Textile-clothing: slight acceleration

Expenses on textile-clothing accelerated slightly in July (+0.4% after +0.2%), mainly driven by clothes purchases. The consumption of shoes decreased for the third consecutive month.

Other engineered goods: increase

Purchases of “other engineered goods” were on the rise in July (+0.4%), particularly those of perfume and beauty products.

Energy: slight decrease

In July, energy consumption declined a little (–0.2%). While gas and electricity consumption increased slightly, fuel purchases decreased (–1.3%), mainly because of the fall in diesel consumption.

Graph4 – Breakdown of energy

  • Source: INSEE

The variation in June 2018 was revised upwards

Compared to the previous estimation, the change of household expenditure on goods in June 2018 was slightly revised upwards: +0.3% instead of +0.1%. Indeed, 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) May 2018 June 2018 July 2018 July 18 / July 17 Q / Q-1 (2)
Food products 38 2..0 0.1 0.2 –1.0 0.0
- excl. Tobacco 34 2.0 0.1 0.2 –0.1 0.1
Engineered goods 45 0.0 0.4 0.1 1.3 0.7
- Durables 22 1.0 0.6 –0.3 2.0 1.5
Including : 0.0 0.0 0.0 0.0 0.0
- Transport equipment 12 1.1 –0.5 0.1 3.3 1.7
- Household durables 7 1.5 2.3 –0.8 0.9 1.9
- Textile-clothing 9 –2.3 0.2 0.4 –0.1 –0.8
- Other engineered goods 14 –0.1 0.1 0.4 1.0 0.4
Energy 18 1.9 0.4 –0.2 –0.2 –1.7
- Energy. water. waste 10 3.4 0.6 0.6 0.5 –2.8
- Refined Products 8 0.1 0.1 –1.3 –1.1 –0.4
Total 100 1.1 0.3 0.1 0.2 0.0
- Including Manufactured goods 84 0.7 0.3 0.0 0.4 0.4
  • (1) Weighting in the consumption expenditure on goods in value in 2017
  • (2) Last three months / previous three months