Insee conjoncture

Household consumption expenditure on goods recovered in August (+0.8%)Household consumption expenditure on goods - August 2018

In August 2018, household expenditure on goods increased by 0.8% in volume*, after a stability (+0.0%) in July. This growth was driven by the jump of manufactured good consumption (+2.5% after +0.0%), in spite of the decline in food consumption (–0.6%) and energy spending (–0.5%).

Informations rapides N° 256
No 256
Principaux indicateurs
Paru le : 28/09/2018
Prochaine parution le : 30/10/2018 at 08:45 - September 2018

In August 2018, household expenditure on goods increased by 0.8% in volume*, after a stability (+0.0%) in July. This growth was driven by the jump of manufactured good consumption (+2.5% after +0.0%), in spite of the decline in food consumption (–0.6%) and energy spending (–0.5%).

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.

Engineered goods: significant increase

In August, expenditure on engineered goods increased sharply (+2.5%), especially on durable goods.

Durables: very sharp rise

Consumption of durables increased strongly in August (+4.1%), in particular in transport equipment (+6.9%). Indeed, new car sales reached an exceptionnally high level, in anticipation of the tightening of the new car approval tests in Europe on September 1st. Household durables spending rebounded (+0.4% after –0.7%), driven by furniture purchases, and despite the return to normal of television set purchases.

Textile-clothing: slight increase

Expenses on textile-clothing increased in August (+0.8%) for the third consecutive month, mainly driven by shoes purchases. Clothes spending decreased slightly (–0.2%).

Other engineered goods: slight acceleration

The consumption of “other engineered goods” accelerated a little in August (+0.8% after +0.5%), driven by sales of perfume and beauty products.

Graph2 – Breakdown of engineered goods

  • Source: INSEE

Food products: small decrease

In August,food consumption decreased slightly (–0.6 % after +0.1%). In particular, consumption of meat and meat products declined slightly as well as the one of fruits and vegetables. Tobacco consumption declined again.

Graph3 – Food products. engineered goods and energy

  • Source: INSEE

Energy: slight downturn

In August, energy consumption declined a little (–0.5%) for the second consecutive month. Gas and electricity consumption decreased, while refined products consumption rebounded sharply (+1.0% after –1.3%).

Graph4 – Breakdown of energy

  • Source: INSEE

The variation in July 2018 was revised downwards

Compared to the previous estimation, the change of household expenditure on goods in July 2018 was revised downwards: +0.0% 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) June 2018 July 2018 Aug 2018 Aug 18 / Aug 17 Q / Q-1
Food products 38 0.1 0.1 –0.6 –0.6 0.2
- excl. Tobacco 34 0.1 0.2 –0.6 0.3 0.0
Engineered goods 45 0.4 0.0 2.5 3.7 1.4
- Durables 22 0.7 –0.7 4.1 6.5 2.1
Including : 0.0 0.0
- Transport equipment 12 –0.2 –0.8 6.9 10.1 2.4
- Household durables 7 2.4 –0.7 0.4 2.8 2.3
- Textile-clothing 9 0.2 1.1 0.8 0.2 0.5
- Other engineered goods 14 0.0 0.5 0.8 1.3 0.6
Energy 18 0.4 –0.2 –0.5 –1.2 –0.4
- Energy. water. waste 10 0.6 0.8 –1.7 –1.5 –0.2
- Refined Products 8 0.2 –1.3 1.0 –0.9 –0.6
Total 100 0.3 0.0 0.8 1.3 0.6
- Including Manufactured goods 84 0.3 0.0 1.2 1.9 0.8
  • (1) Weighting in the consumption expenditure on goods in value in 2017
  • (2) Last three months / previous three months