French retail sales volumes fell by 0.1% in November after falling by 0.1% in October; July was the last month to produce a month-to-month increase in retail sales volumes. In July 2024, those volumes increased by 0.2%. Sales volume trends in France continue to be weak.
Year-over-year growth rates for all products show a 0.1% decline in volume which has a 51.7 percentile rank on data back to mid-2007. Among the various categories, food purchases have a sub-50-percentile ranking as do electronics and the sales of new autos. These sub-50-percentile rankings indicate that the current year-over-year growth rates are below the median growth rate for year-over-year sales since mid-2007. It's unusual to see food rank so low; however, automobiles and electronics certainly count as discretionary purchases and if the economy is under pressure we would expect to see some weakness in electronics and in auto sales; that appears to be the case in France.
Other categories show sales rankings that range from firm-to-strong. Strong sales emerged in footwear, a small-ticket item, where an 84.2 percentile standing derives from a year-over-year growth rate of 7.2%. Household appliances, a heftier household expenditure, show a 5.1% increase in sales volumes for an 81.8 percentile standing, also a strong result. Furniture sales, where the growth rate is a milder 1.3%, still scores a 71.3 percentile standing for this period. Textile sales are up by 1.5% year-on-year, which scores an above-median 67-percentile standing. For all industrial goods, a 0.5% increase in spending marks a 56.5 percentile standing overall, a small gain above its historic median rate.