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143705
Increase in household consumption of goods
statistikk
2014-11-28T10:00:00.000Z
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, October 2014

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Increase in household consumption of goods

Household consumption of goods rose by 0.6 per cent from September to October 2014, according to seasonally-adjusted figures. The development in purchases of cars and the consumption of electricity in the last four months has made the index of household consumption of goods very volatile.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 28 November 2014
October 2014September 2014August 2014July 2014June 2014
Of all goods0.6-1.21.7-2.01.4
Food, beverages and tobacco-0.41.3-0.9-1.32.0
Electricity and heating fuels-0.2-2.63.9-2.3-2.7
Purchases of vehicles and petrol1.2-3.73.5-3.82.5
Other goods1.2-1.92.5-1.71.1

Source: Statistics Norway

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

Purchases of vehicles and petrol contributed to pulling up the household consumption of goods by 0.2 per cent. There was no change in consumption of electricity and fuel.

Consumption of other goods, which consists of furniture and sporting equipment among other things, rose 1.2 per cent.

Consumption of food and beverages went down by 0.4 per cent, and this pulled down the household consumption of goods by 0.1 percentage points.

Without adjusting for calendar effects and seasonality, household consumption of goods was 1.4 per cent higher in October 2014 than in the same month the year before.

The index of retail sales and the Quarterly National AccountsOpen and readClose

The index of household consumption of goods describes the development in household consumption of goods. For goods sold in the retailing industry, the index of retail sales is the main source. The index of household consumption of goods also includes purchases of cars (initial registration) and consumption of electricity and heating fuels.

The index of household consumption of goods uses the same definitions and methods of compilation as the Quarterly National Accounts, and thus serves as an indicator of household final consumption expenditure in the Quarterly National Accounts.

Revisions Open and readClose

The National Accounts have recently carried out a revision of the time series (Quarterly National Accounts), but the index of household consumption of goods is only marginally effected by the revision. The index of household consumption of goods, which uses the same methods and definitions as household final consumption expenditure in the Quarterly National Accounts, is affected by this revision.