This is an archived release.
Slight increase in consumption continues
According to the seasonally adjusted volume index of commodity consumption, the consumption of goods was 0.2 per cent higher in October 2006 compared with the previous month. The consumption of clothing and footwear and electricity and fuel contributed to the growth. There was however a slight decrease in the consumption of food.
A 0.9 per cent increase has been recorded in the consumption of the group 'other commodities' from September to October. The consumption of clothing and footwear and leisure commodities contributed most to this increase, 0.9 and 1.9 per cent respectively.
The use of both electricity and fuel increased compared to their low levels in September. Consumption of electricity went up by 2.2 per cent, while the use of fuel increased by 13.2 per cent. Although a sharp increase compared to September, the volume of consumption in electricity and fuel are lower in comparison to the same month last year.
Food and beverages
The total volume of the group 'food, beverages and tobacco' decreased by one percent from September to October. Consumption of food and beverages are lower than the previous month, while there was an increase in the consumption of tobacco.
There was a 1.5 per cent fall in the consumption of both petrol and vehicles from September to October.
The unadjusted figures show that the index of commodity consumption was 5.7 per cent higher this October compared to October 2005. Increase in the consumption of 'other commodities' is the clear reason of the growth, and high volume increase especially in the consumption of clothing and footwear, furniture and household appliances, photo and electronic appliances and leisure articles. Consumption of foodstuff increased also in this period, while the use of electricity was lower in October this year, compared to the same month in 2005.
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 trade. Thus, 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. This may result in deviations in the development of the two indices.
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.
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 2006. Sesonally adjusted
and unadjusted volume index. October 2005-October 2006.
previous month. Per cent
Change from same
month last year. Per cent
|1||Please note that the indices have been revised.|