• French household expenditure on goods declined strongly (−1.5%) in April. Energy consumption the main driver

Market news

30 May 2018

French household expenditure on goods declined strongly (−1.5%) in April. Energy consumption the main driver

In April 2018, household expenditure on goods declined strongly (−1.5%) in volume. Energy consumption fell sharply, as did food purchases. On the contrary, expenses on textile-clothing were on the rise.

Energy consumption fell again (−5.4% after −0.9%). Heating expenses dropped significantly due to well above seasonal norm temperatures in April, after the cold months of February and March. On the other hand, consumption of refined products was virtually stable (+0.1%): spending on diesel fuel declined while spending on gasoline increased.

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