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- France household consumption expenditure declined slightly in February
France household consumption expenditure declined slightly in February
According to the report from Insee, in February 2019, household expenditure on goods decreased by 0.4% in volume, after a rebound in January (+1.4% after −1.5% in December).
In February, energy consumption declined significantly (−3.3% after +6.5%). This decrease was mainly due to the drop in electricity consumption, as a result of relatively mild temperatures for the season. In addition, fuel consumption decreased very slightly (−0.2%).
In February, spending on manufactured goods increased (+0.6%). Durable good purchases went up (+0.6%), as did spending on other manufactured goods (+0.4%). Expenditure on clothing and textile accelerated slightly (+0.7% after +0.4%). Consumption of durable goods increased in February (+0.6%).Expenditure on textile and clothing accelerated slightly in February (+0.7% after +0.4%). In February, consumption of "other manufactured goods" increased again (+0.4% after +0.4%), driven by drug purchases. In February, food consumption fell slightly (−0.1% after −0.9% in January).
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