This is an archived release.
Consumption of goods more or less flat
The consumption of goods decreased by 0.1 per cent from August to September, according to the seasonally adjusted volume index of commodity consumption.
Seasonally adjusted figures show that the consumption of food, beverages and tobacco decreased by 1.2 per cent from August 2004 to September 2004. The consumption of electricity and heating fuels decreased by 0.2 per cent, while the consumption of other goods decreased by 0.1 per cent. Purchases of vehicles and petrol increased by 1.9 per cent in the same period.
The unadjusted volume index of commodity consumption was 3.9 per cent higher in September 2004 than in September 2003.
The unadjusted consumption of food, beverages and tobacco decreased by 1.0 per cent from September last year to September this year. In the same period, the consumption of other goods increased by 7.1 per cent. Purchases of vehicles and petrol rose by 5.0 per cent, while electricity and heating fuels rose by 1.5 per cent.
Method differs from the index of retail sale
The purpose of the index of commodity consumption is to describe the development in the households' consumption of goods, while the index of retail sales measures the development in retail sales. The index of commodity consumption is more comprehensive than the index of retail sales. It is based on sales in additional industries and calculated with a weighting consistent with the share of the sales actually allocated to the households. This can 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, the index of commodity consumption uses information about purchases of cars, sales of petrol and oil to petrol stations and consumption of electricity unadjusted for changes in temperature.
The index of commodity consumption uses the same definitions and mainly the same methods of compilation as the quarterly national accounts. The index of commodity consumption is thus an indicator of household consumption of goods in the quarterly national accounts. Each component of the index of commodity consumption is seasonally adjusted. Because timeliness is important in Statistics Norway's statistics, the index of commodity consumption has to rely on preliminary estimates in some instances. Such estimates are replaced in the next release. Among others, this applies to consumption of electricity, where the Norwegian Water Resources and Energy Directorate's short-term statistics are used. This implies that the index of commodity consumption normally will be revised in the subsequent publishing each month.
Index of commodity consumption, September 2004. Sesonally
adjusted and unadjusted volume index. September 2003-
September 2004. 1995=1001
Change from previous
month. Per cent
Change from same
month last year.
|1||Note that the seasonally adjusted indices have been revised.|