Insee conjoncture
29 novembre 2018
N° 2018-310

Household 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%).

Informations rapides
No 310
Paru le : 29/11/2018
Prochaine parution le : 21/12/2018 at 08:45 - November 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%).

Graph1Total 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.

Graph2Food 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.

Graph3Breakdown 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%).

Graph4Breakdown 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.

TableHousehold consumption expenditure on goods

Changes in %, TD-SA
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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Prochaine parution le : 21/12/2018 at 08:45 - November 2018