This is an archived release.
Consumption of goods decreased
The consumption of goods decreased by 0.8 per cent from October to November, according to the seasonally adjusted volume index of commodity consumption.
The unadjusted volume index of commodity consumption was 0,2 per cent higher in November 2003 than in November 2002.
Seasonally adjusted figures show that consumption of electricity and heating fuels had the weakest growth rate between October and November with -8.6 per cent. This is partly due to the warm weather in November. Purchases of vehicles and petrol was the only consumption group that increased in this period, while consumption of food, beverages and tobacco and consumption of other goods decreased by 1.0 and 0.5 per cent respectively.
Unadjusted figures show that the consumption of food, beverages and tobacco was 3.4 per cent lower in November 2003 than in November 2002. In the same period, purchases of vehicles and petrol rose by 0.9 per cent. Consumption of electricity and heating fuels fell by no less than 15.9 per cent. In addition to the warm weather in November 2003, the decrease is brought forth by a rather cold November 2002. Consumption of other goods grew by 5.0 per cent after a steady growth of more than 7 per cent for six consecutive months.
Method differs from the index of retail sale
The index of commodity consumption describes the development in household consumption of goods, while the index of retail sales measures the development in retail sales. As opposed to the index of retail sales, the index of commodity consumption includes goods that are not sold in retail. It is based on sales of goods from additional industries and calculated with a weighting for the portion of sales to households. This may result in deviations in the development of the two indices. The calculation of the index of commodity consumption is based on information from the index of retail sales in addition to information on purchases of cars, sales of petrol and oil to petrol stations and the consumption of electricity unadjusted for changes in temperature.
The index of commodity consumption uses the same definitions and methods of compilation as the quarterly national accounts, and thus serves as an indicator of household consumption of goods in the quarterly national accounts. The individual components of the index are seasonally adjusted.
Timeliness is important in the release of statistics, and the index of commodity consumption may therefore have to rely on preliminary estimates in some cases. Such estimates are replaced in the subsequent release. This applies, inter alia, to figures on electricity consumption, where short-term statistics from the Norwegian Water Resources and Energy Directorate (NVE) are used. Later on these short-term statistics are replaced by electricity statistics from Statistics Norway. This implies that the index of commodity consumption normally will be revised in the subsequent publishing.
Index of commodity consumption, November 2003. Sesonally adjusted
and unadjusted volume index. November 2002-November 2003. 1995=100
Change from previous
month. Per cent
Change from same month
last year. Per cent