3302_not-searchable
/en/varehandel-og-tjenesteyting/statistikker/vki/arkiv
3302
Increase in purchase of cars
statistikk
2007-03-01T10:00:00.000Z
Wholesale and retail trade and service activities;Income and consumption;National accounts and business cycles
en
vki, Index of household consumption of goods, volume index, household consumption (for example car purchase, food consumption, electricity consumption)Wholesale and retail trade , Consumption, National accounts , Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goods, January 2007

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Increase in purchase of cars

Seasonal adjusted index of commodity consumption was up by 2.7 per cent from December last year to January this year. Heavy purchase of vehicles pulled the index upwards. The index of commodity consumption not including cars rose by 1.1 per cent.

Purchase of new vehicles by households grew strongly in January, as it did in December. This had to do with the changes in excise duties of vehicles in the beginning of the year. The consumption of cars and fuels rose by 12.3 per cent.

The consumption of food, beverages and tobacco increased by around 1 per cent from December to January. The consumption of electricity and heating fuels rose by 4 per cent.

Unadjusted figures show an increase in the commodity consumption of more than 10 per cent from January 2006 to January 2007. Purchase of cars was 37 per cent higher than in January 2006. The index of commodity consumption not including cars was up by 6.1 per cent.

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 has a wider choice of commodities. Calculation of the index of commodity consumption is based on information from the index of retail sales plus purchase of cars (initial registration), sales data from petrol stations (petrol and other goods) and consumption of electricity and heating fuels. 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.

Since Statistics Norway gives high priority in timeliness of release of statistics, the index of commodity consumption may have to rely on preliminary estimates in some cases. This implies that such estimates will be replaced in the subsequent releases.

Index of commodity consumption, January 2007. Sesonally adjusted and unadjusted volume index.
January 2006-January 2007. 1995=1001
Period Sesonally adjusted Change from previous month. Per cent Unadjusted Change from same month last year. Per cent
2006        
January  140.3 0.1  132.4 6.1
February  140.3 0.0  121.3 1.8
March  142.0 1.2  140.9 7.9
April  141.0 -0.7  128.9 -3.3
May  144.2 2.2  141.6 7.3
June  143.6 -0.4  148.9 3.9
July  144.5 0.6  143.1 2.5
August  144.9 0.3  148.8 4.6
September  145.4 0.4  140.0 4.5
October  145.7 0.2  141.7 5.7
November  146.2 0.3  148.9 5.8
December  148.3 1.5  192.0 4.0
2007        
January  152.3 2.7  146.5 10.6
1  Please note that the indices have been revised.