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Slight drop in the commodity consumption
statistikk
2007-03-29T10:00:00.000Z
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, February 2007

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Slight drop in the commodity consumption

Seasonally adjusted index of commodity consumption declined by 0.9 per cent from January to February. The fall can be attributed to the decrease in the purchase of vehicles in February. Other consumption groups increased slightly.

Index of Commodity Consumption not published for March

Reference is made to the Index of Retail Sales for March. The method for estimating seasonally adjusted figures has been changed, see the grey box in the article. The new and improved methods will be implemented in the Index of Commodity Consumption from next month. Until then, the Index for March will not be available. (2.5)
Index of Commodity Consumption not published for March Reference is made to the Index of Retail Sales for March. The method for estimating seasonally adjusted figures has been changed, see the grey box in the article. The new and improved methods will be implemented in the Index of Commodity Consumption from next month. Until then, the Index for March will not be available. (2.5)

After a strong increase in the seasonal adjusted figures in January, the sales of cars went down by almost 11 per cent in February. According to data from the Norwegian Road Federation 9 793 new passenger cars were registered in February against 12 685 cars in January. Despite the decrease from January to February, car sales in February 2007 were 22 per cent higher than in the same period a year ago.

The consumption of electricity and heating fuels went up by 0.6 per cent in February in comparison to the previous month. On the other hand, the level of consumption of electricity was lower compared to the same period in 2006.

The consumption of foodstuffs, beverages and tobacco increased by 0.5 per cent from January to February. The consumption of alcoholic beverages contributed to this increase by 2.3 per cent. Food consumption had a slight increase of 0.4 per cent.

Consumption of other goods rose by 1.9 per cent from January to February. This was mainly due to increased consumption of furniture and household appliances, photo and electronic appliances.

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, February 2007.
Seasonally adjusted and unadjusted volume index.
February 2006-February 2007. 1995=1001
Period Seasonally
adjusted 		Change from
previous month.
Per cent 		Unadjusted Change from
the same month
last year. Per cent
2006        
February  140.1 -0.2  121.3 1.8
March  142.0 1.4  140.9 7.9
April  141.1 -0.7  128.9 -3.3
May  144.2 2.2  141.6 7.3
June  143.7 -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 1.4  192.0 4.0
2007        
January  152.3 2.7  146.4 10.6
February  151.0 -0.9  130.1 7.2
1  Please note that the indices have been revised.