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Significant decrease in household consumption of goods
statistikk
2014-08-29T10:00:00.000Z
Wholesale and retail trade and service activities;Income and consumption;National accounts and business cycles
en
vki, Index of household consumption of goods, volume index, household consumption (for example car purchase, food consumption, electricity consumption)Wholesale and retail trade , Consumption, National accounts , Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goods, July 2014

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Significant decrease in household consumption of goods

Household consumption of goods went down 1.7 per cent from June to July 2014, according to seasonally-adjusted figures. This is the lowest level of household consumption of goods since January this year.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 August 2014
July 2014June 2014May 2014April 2014March 2014
Of all goods-1.71.0-0.2-0.30.9
Food, beverages and tobacco-0.91.5-0.30.40.4
Electricity and heating fuels-3.5-2.84.62.90.1
Purchases of vehicles and petrol-3.42.2-0.3-4.93.6
Other goods-1.30.9-0.80.40.4

Source: Statistics Norway

Figure 1. Index of household consumption of goods, seasonally adjusted and unadjusted. 2005=100

All consumption of goods showed a seasonally-adjusted decease. Consumption of electricity and heating fuels and purchases of vehicles and petrol showed the biggest decrease from June to July. The consumption of these two groups fell 3.5 per cent and 3.4 per cent respectively. Purchases of vehicles and petrol pulled down the household consumption of goods by 0.6 percentage points, while consumption of electricity and heating fuels did the same but only by 0.3 percentage points.

Consumption of food and beverages went down 0.9 per cent, and this contributed to pulling down the consumption of goods by 0.3 percentage points. Purchases of other goods also showed a decrease in the seasonally-adjusted figures.

Without adjusting for calendar effects and seasonality, household consumption of goods was 1.5 per cent higher in July 2014 than in the same month the year before.