This is an archived release.
Decreased Consumption of goods
Consumption of goods decreased by 0.7 per cent from September 2004 to October 2004, according to the seasonally adjusted volume index of commodity consumption. The decrease can mainly be attributed to lower consumption of tobacco, telecommunication equipment, electricity and heating fuels.
Seasonally adjusted figures show that consumption of electricity and heating fuels decreased by 4.6 per cent, while food, beverages and tobacco decreased by 1.1 per cent from September to October 2004. Purchases of vehicles and petrol decreased by 0.3 per cent in the same period. The consumption of other goods was 0.1 per cent lower in October 2004 than in September 2004.
The unadjusted volume index of commodity consumption decreased by 0.6 per cent from October 2003 to October 2004.
The consumption of electricity and heating fuels decreased by 5.6 per cent from October 2003 to October 2004, while food, beverages and tobacco decreased by 4.7 per cent. In the same period consumption of other goods increased by 2.7 per cent, while purchases of vehicles and petrol increased by 0.2 per cent.
Revisions to the Index of commodity consumption
With this publication, Statistics Norway has established a revised structure for the commodity consumption. Both seasonally adjusted and non-adjusted index figures have been revised as a result.
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, October 2004. Seasonally adjusted and
unadjusted volume index. October 2003-October 2004. 1995=1001.
(The table was corrected 29 November 2004 at 1200
Change from previous
month. Per cent
Change from same month
last year. Per cent
|1||Please note that the indices have been revised.|