Jul 29 2011

Consumer spending rebounded in June

Tag: calculation, management, marketing, occupation, profitable — admin @ 8:15 pm

Doped including the sales and purchases of clothing, household consumption increased by 1.2% in June after declining during the previous two months. But the trend throughout the second quarter is negative. The World Food Planet Carrefour de Lyon

Finally a somewhat favorable economic indicator. While unemployment has increased again and the accumulated bad news on the front of the activity, household consumption expenditure increased 1.2% in June, after falling 0.3% in in May, according to INSEE. Increased yet insufficient to reverse the trend throughout the second quarter they were down 1.8% after 0.1% in the first quarter. What will weigh on growth mechanically.

This recovery is mainly due to the expenditure on durable goods, which rose 2.5% in June after falling 0.1% in May.Throughout the second quarter, but they recede by 6.3% from 2.2% in the first quarter.

Purchases of automobiles including increased 2.2%, but this increase does not offset the declines in previous months. In total, they were down 11.2% in the second quarter. Purchases of equipment housing are also up in June (3.8%, but 0.6% in the second quarter), thanks to a favorable schedule balances in furniture.

The strongest recovery has benefited from purchases of textiles and leather, which rose 4.3% after declining in May (-3.5%). This increase is partly due to the timing of sales that began early this year. In the second quarter, this item was down 0.3%, after -0.9%.

Consumer spending in other manufactured goods are up slightly in June (0.7%, after -1.2% in May).They decrease slightly in the second quarter (-0.2% after +0.6% in the first).

Energy consumption, it has continued to rise last month from 1.4% after 5% the previous month. Throughout the second quarter, however, declined by 1.1% due to particularly mild weather in April.

In the end, only the consumption of food has fallen (-0.4% after -1.4% in May). It is generally slightly lower throughout the second quarter (-0.1% after +0.2% in the first quarter).

Note that the number of consumer goods in May was revised by the INSEE, which is now estimated at -0.3% against -0.8% previously.