Informations Rapides · 28 July 2023 · n° 194

Household consumption of goods increased by 0.9% in June 2023 Household consumption expenditure on goods - June 2023

In June 2023, household consumption expenditures in goods increased by 0.9% over a month in volume* after a +0.6% in May 2023 –revised data. This growth in June is mainly explained by the partial rebound in food consumption (+2.5%). The consumption of engineered goods was virtually stable (‑0.1%), as was the energy consumption (+0.1%).

For the second quarter of 2023 as a whole, household consumption of goods decreased by 0.7% compared to that of the first quarter of 2023.

In June 2023, household food consumption increased sharply (+2.5% after +0.3%). This rise is mainly due to the rebound in agrifood products after eight consecutive months of decline. The consumption of agricultural products rose however more moderately than in the previous two months.

Tobacco consumption increased for its part slightly.

For the second quarter of 2023 as a whole, household food consumption decreased by 2.7% compared to that of the first quarter of 2023.

In June 2023, household energy expenditures were virtually stable (+0.1% after +3.2% in May 2023). Electricity and gas consumption decreased but refined products consumption increased.

For the second quarter of 2023 as a whole, energy consumption increased by 1.7% compared to that of the first quarter of 2023.

In June 2023, household consumption of engineered goods was virtually stable (‑0.1% after ‑0.2% in May 2023).

For the second quarter of 2023 as a whole, it was virtually stable (‑0.1%) compared to that of the first quarter of 2023.

In June 2023, consumption of durable goods fell again (‑0.6%, as in May 2023). Spending on transport equipment declined again (‑1.4%), especially the purchases of new cars, but they grew over the whole quarter. Spending on housing durables also kept decreasing (‑0.3%, as in May 2023), especially electronic appliances and furniture. Conversely, spending on “other durable goods” rebounded sharply.

In June 2023, spending on clothing and textiles retreated (‑0.4 % after +1.4% in May 2023 –revised data). This decline is mainly explained by a decrease in purchases of textile and clothing while the purchases in leather and shoes increased more moderately.

In June 2023, consumption of other engineered goods rebounded (+0.9% after -0.6% in May 2023). This rebound is mainly linked to the increase of perfume purchases.

The monthly change in household consumption of goods for May 2023 has been revised upwards by 0.1 points (after rounding) to +0.6%, instead of +0.5%. Since the previous publication, new information has been incorporated and the seasonal adjustment (SA) and working-day adjustment (WDA) coefficients have been updated.