After alternating increases and decreases, this indicator did not move in August but posted a drop of 3.8% over one year.
Household consumption in France remained totally stable (+0.0%) in August, after a month of July in decline and two previous months in slight rebound, reports Friday the National Institute of Statistics (Insee). In recent months, household spending has not shown a clear direction: it fell by 0.9% in July (revised data), after two small consecutive increases in May (0.4%) and June (0.1 %). For August,the increase in expenditure on manufactured goods (+1.2%) was offset by the fall in food purchases (-1.0%) and, to a lesser extent, by the decline in energy consumption (-0.4 %)“, specifies the INSEE.
In detail, the increase in expenditure on manufactured goods is mainly driven by consumption of transport equipment (+1.7%), “with in particular increased purchases of new cars», and spending on textile clothing (+2.4%, after -4.9% in July). Also note, the “very light» increased consumption of «other manufactured goods“(+0.2%), “under the effect of the increase in perfume and cosmetics purchases“, specifies the INSEE.
Decrease of 3.8% over one year
But these increases are offset in particular by a “new drop“in food consumption (-1.0%), “at a faster pace than the previous month(-0.4% in July). “This decline mainly concerns the consumption of foods from the agri-food industry“, deciphers INSEE, specifying that tobacco consumption has remained”almost stable“.
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Added to this is also a further drop in energy consumption (-0.4%, as in July), linked to “a drop in the consumption of electricity and, to a lesser extent, of gas“, but also to a further reduction in fuel consumption (-0.4%), “with a decline in diesel consumption and an increase in gasoline consumption», Details the institute. Compared to August 2021, household consumption expenditure fell by 3.8%.