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HOUSEHOLD CONSUMPTION

Household consumption in France fell sharply in April, by 8.3% compared to March, under the effect of “the implementation of the third confinement”, reported Friday Insee. The drop is mainly attributable to purchases of manufactured goods, which collapsed by 18.9%, while spending on energy fell only 0.6% and food by 0.2%, detailed the ‘National Institute of Statistics.

French household spending thus remained 9.5% below its level in the fourth quarter of 2019 in April, before the Covid-19 epidemic. But the decline in consumption was much less severe than during the first two confinements: household spending had unscrewed by 31.4% in April 2020, consumption had been at half-mast by 13.6% in November.

Due to the closure of clothing stores, spending on clothing / textiles halved (-50.2%) in April, while spending on other manufactured goods fell 13.6%.

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