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Household consumption of goods increased by 0.3% in July 2023

From insee.fr

In July 2023, household consumption expenditures in goods increased by 0.3% over a month in volume* after +0.9% in June 2023. This new growth in July is driven by the rise in purchases of engineered goods (+1.6%) despite the downturn of food consumption (-0.9%). Energy consumption slightly dropped (-0.2%). In July 2023, household consumption of engineered goods rose significantly (+1.6% after -0.2% in June 2023) due to the strong rebound in consumption of durable goods. Durable goods: strong rebound In July 2023, consumption of durable goods rebounded sharply (+3.0% after -0.8% in June 2023). Spending on housing ... (full story)

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