29 September 2017
2017- n° 257Household consumption expenditure on goods receded in August (−0.3%) Household consumption expenditure on goods - August 2017
In August 2017, household consumption expenditure on goods diminished in volume terms* (−0.3%), after a rise in July (+0.6%). Consumption of food products fell sharply and expenses on energy dipped again.
In August 2017, household consumption expenditure on goods diminished in volume terms* (−0.3%), after a rise in July (+0.6%). Consumption of food products fell sharply and expenses on energy dipped again.
*Volumes are measured at chain-link previous year prices (2010 euro billions) and all figures are trading-day and seasonally adjusted.
graphiqueGraph1 – Total consumption of goods
- Source: INSEE
Food products: sharp fall
In August 2017, food expenditure fell strongly (−1.0% after +0.5% in July), both in agricultural goods (fruits, vegetables) and in processed agrifoods (meats, dairy products). Consumption of beverage declined as well.
graphiqueGraph2 – Food products, engineered goods and energy
- Source: INSEE
Engineered goods: slowing down
Purchases of engineered goods increased moderalety (+0.3% after +1.0% in July), as a result of a steep slowdown in expenses on textile-clothing.
Durables: lesser increase
Since May, consumption of durables has risen. However, spendings slowed down in August (+0.3% after +0.6% in July). Purchases of household durables other than cars stalled. Expenses on furniture and communication equipment (smartphones) receded indeed, while audiovisual equipment (tv sets) remained dynamic.
However, expenses on transport equipment bounced back (+0.4% after −0.6% in July), mainly driven by motorhome and caravan purchases.
Textile-clothing: sharp slowdown
In August, expenditure on textile-clothing kept on growing, but at a much slower pace than in July (+0.4% after +3.3%). In particular, footwear purchases slowed down substantially.
Other engineered goods: moderate growth
Expenses on « other engineered goods » increased slightly again (+0.2% after +0.3% in July). Purchases of perfume and personal care products slowed down markedly after two really dynamic months, while expenditure on DIY materials diminished again.
graphiqueGraph3 – Breakdown of engineered goods
- Source: INSEE
Energy: declining slightly again
Energy consumption has declined a little for the third consecutive month (−0.2% in August after −0.4% in July and −0.2% in June). Expenditure of refined products was almost unchanged (−0.1%): the rise in gazoline consumption mitigated the impact of a downturn in domestic heating oil and diesel.
graphiqueGraph4 – Breakdown of energy
- Source: INSEE
The variation in July 2017 is slightly revised downwards
Compared to the previous estimate, the variation in household expenditure on goods in July 2017 is slightly revised downwards: +0.6% instead of +0.7%. Since the previous publication, new information has been integrated and the seasonal adjustment coefficients have been updated.
tableauTable – Household consumption expenditure on goods
| Weight (1) | June 2017 | July 2017 | Aug. 2017 | Aug. 17 / Aug. 16 | Q/Q-1 (2) | |
|---|---|---|---|---|---|---|
| Food products | 38 | –0.9 | 0.5 | –1.0 | –0.3 | –0.6 |
| - excl. Tobacco | 35 | –1.0 | 0.6 | –1.1 | 0.2 | –0.7 |
| Engineered goods | 45 | –0.7 | 1.0 | 0.3 | 3.0 | 0.5 |
| - Durables | 22 | 0.2 | 0.6 | 0.3 | 3.9 | 1.1 |
| Including : | ||||||
| - Transport equipment | 12 | 0.4 | –0.6 | 0.4 | 2.8 | 1.2 |
| - Household durables | 7 | –0.2 | 2.5 | 0.0 | 6.1 | 1.2 |
| - Textile-clothing | 9 | –4.8 | 3.3 | 0.4 | 3.0 | –1.1 |
| - Other engineered goods | 13 | 0.7 | 0.3 | 0.2 | 1.4 | 0.8 |
| Energy | 17 | –0.2 | –0.4 | –0.2 | –0.3 | 2.2 |
| - Energy, water, waste | 10 | –0.8 | 0.8 | –0.2 | 0.3 | 3.6 |
| - Refined Products | 7 | 0.5 | –2.0 | –0.1 | –0.9 | 0.3 |
| Total | 100 | –0.7 | 0.6 | –0.3 | 1.2 | 0.4 |
| - Including Manufactured goods | 84 | –0.6 | 0.6 | –0.2 | 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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