Household goods consumption in France

Measures the change in French households' spending on goods (food, energy and manufactured goods such as cars and household equipment). Published by INSEE, it is one of the most closely watched monthly gauges of private consumption in France.

INSEE estimates the volume of goods consumption from trade and production sources, in real (deflated) terms and adjusted for working days and seasonality, publishing the month-on-month change against a base year.

It gives an early read on private consumption, the largest component of French GDP, making it an input for estimating growth and for ECB monetary policy.

It is a volatile indicator, sensitive to seasonality, promotions and the calendar, and covers spending on goods only (excluding services). Preliminary figures are revised as more information comes in.