29 November 2018
2018- n° 310Household consumption expenditure on goods bounced back in October (+0.8%) Household consumption expenditure on goods - October 2018
In October 2018, household expenditure on goods bounced back by 0.8% in volume*, after a sharp decline in September (−2.0%). This rebound was notably driven by the increase in food consumption (+0.9%) and manufactured goods (+0.8%).
In October 2018, household expenditure on goods bounced back by 0.8% in volume*, after a sharp decline in September (−2.0%). This rebound was notably driven by the increase in food consumption (+0.9%) and manufactured goods (+0.8%).
graphiqueGraph1 – 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: sharp rebound in October
In October, food consumption rose (+0.9%), after two consecutive months of decline (−0.9% in September and −0.5% in August). This rise came from the increase in the consumption of agricultural products (after four months of decline) as well as from the dynamism of meat and meat products consumption. Tobacco consumption increased slightly after two months of downturn.
graphiqueGraph2 – Food products, engineered goods and energy
- Source: INSEE
Engineered goods: increase in October
In October, spending on manufactured goods increased (+0.8%), after a sharp decline last month (−3.2% in September after +2.6%). In particular, sales of durable manufactured goods were quite dynamic (+1.0%).
Durables: increase in October
Consumption of durable goods increased in October (+1.0%, after −5.1% in September and +5.1% in August). This increase was mainly due to an increase in sales of new cars, following the clear drop in September, an after-effect of the very strong increase in August. Spending on housing capital goods also rebounded, in particular household appliances.
Textile-clothing: bouncing back in October
Expenditure on textile clothing bounced back in October (+1.3% after −2.7%), driven by the recovery of clothing consumption, despite a decline in shoe sales for the second consecutive month.
Other engineered goods: slight increase
In October, consumption of "other manufactured goods" increased slightly (+0.2%), after two months of virtual stability.
graphiqueGraph3 – Breakdown of engineered goods
- Source: INSEE
Energy: slight recovery in October
In October, energy consumption increased (+0.7% after −1.2% in September). This moderate result masks a wide disparity between the dynamism of refined product consumption (+4.8%) and the decline in gas and electricity consumption (−2.5%).
graphiqueGraph4 – Breakdown of energy
- Source: INSEE
The variation in September 2018 was revised downwards
Compared to the previous estimation, the change of household expenditure on goods in September 2018 was revised downwards: −2.0% instead of −1.7%. Indeed, new information has been integrated and the seasonal adjustment coefficients have been updated.
tableauTable – Household consumption expenditure on goods
| Weight (1) | Aug 2018 | Sept-18 | Oct-18 | Oct 18 / Oct 17 | Q / Q-1 (2) | |
|---|---|---|---|---|---|---|
| Food products | 38 | –0.5 | –0.9 | 0.9 | –1.0 | –0.7 |
| - excl. Tobacco | 34 | –0.6 | –1.0 | 1.0 | –0.2 | –0.8 |
| Engineered goods | 45 | 2.6 | –3.2 | 0.8 | 2.1 | 0.7 |
| - Durables | 22 | 5.1 | –5.1 | 1.0 | 2.4 | 1.5 |
| Including : | ||||||
| - Transport equipment | 12 | 8.7 | –8.9 | 1.0 | 1.7 | 1.9 |
| - Household durables | 7 | 0.5 | –0.2 | 1.4 | 4.3 | 1.0 |
| - Textile-clothing | 9 | 0.3 | –2.7 | 1.3 | 3.7 | –0.4 |
| - Other engineered goods | 14 | 0.0 | –0.1 | 0.2 | 0.4 | 0.2 |
| Energy | 18 | 0.4 | –1.2 | 0.7 | 2.5 | –0.3 |
| - Energy, water, waste | 10 | 0.1 | –0.6 | –2.5 | –0.9 | –0.5 |
| - Refined Products | 8 | 0.8 | –2.0 | 4.8 | 6.8 | 0.0 |
| Total | 100 | 1.1 | –2.0 | 0.8 | 0.9 | 0.0 |
| - Including Manufactured goods | 84 | 1.3 | –2.1 | 1.1 | 1.5 | 0.3 |
- (1) Weighting in the consumption expenditure on goods in value in 2017
- (2) Last three months / previous three months
- Source: INSEE
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