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- France: household consumption expenditure on goods rebounded in July
France: household consumption expenditure on goods rebounded in July
According to the report from Insee, in July 2019, household consumption expenditure on goods rebounded in volume* (+0.4% after –0.2%). This increase was mainly due to the consumption of manufactured goods (+0.6%). Food consumption recovered a little in July.
In July, manufactured good consumption increased for the third consecutive month (+0.6%), driven in particular by durable good purchases (+1.6%) and despite the decline in clothing consumption (–1.2%).
In July, the consumption of durable manufactured goods accelerated (+1.6% after +0.5%), driven by the dynamism of transport equipment sales (+1.4%) and housing equipment expenditure (+1.9%). In particular, the purchases of second-hand and recreational vehicles rebounded significantly compared to the previous month.
Textile-clothing expenditure fell in July (–1.2% after +0.7%). Indeed, both clothing and shoe consumption declined after two consecutive months of increase.
In July, the consumption of "other manufactured goods" increased slightly (+0.1%), driven by an increase in perfume purchases.
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