This is an archived release.
Decrease in consumption of goods
The consumption of goods decreased by 0.7 per cent from January to February 2004, according to the seasonally adjusted volume index of commodity consumption.
Seasonally adjusted figures show that purchases of vehicles and petrol was the only consumption group that increased in this period, by 0.2 per cent. Consumption of food, beverages and tobacco and consumption of other goods decreased by 1.3 and 0.6 per cent respectively. The adjusted figures show that the consumption of electricity and heating fuels decreased by 0.5 per cent between January and February 2004.
The unadjusted volume index of commodity consumption was 5,9 per cent higher in February 2004 than in February 2003.
The strong growth in other goods continues, and the unadjusted figures show an increase of 10.8 per cent from February 2003 to February 2004. In the same period, consumption of food, beverages and tobacco increased by 1.0 per cent. Purchases of vehicles and petrol rose by 4.9 per cent, while consumption of electricity and heating fuels increased by 3.0 per cent from February 2003 to February 2004.
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, Februar 2004. Seasonally adjusted
and unadjusted volume index. February 2003-February 2004. 1995=1001
Change from previous
month. Per cent
Change from same month
last year. Per cent
|1||Please note that the indices have been revised.|