This is an archived release.
High commodity consumption in June
The seasonally adjusted index of commodity consumption increased by 2.3 per cent from May to June, mainly due to increased purchases of books, leisure articles as well as clothing and footwear.
With an increase of 4 per cent, it was mainly the group "consumption of other goods" that moved the index up in June. Increase in the purchase of telecommunications equipment, books and leisure articles was about 7 percent, while the rise in the purchase of clothing and footwear was 3.1 per cent.
The consumption of food, beverages and tobacco rose by 2.4 per cent in June. The purchase of cars and petrol was up by 1.1 per cent.
According to seasonally adjusted figures, the consumption of electricity and heating fuels fell by 6.2 per cent.
The commodity consumption was 10 per cent higher in June 2007 than in June 2006. The increase may be attributed to higher consumption of "other goods", which increased by 15 per cent compared with the same period last year.
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, June 2007. Seasonally
adjusted and unadjusted volume index. June 2006-June 2007.
Change from the
same month last
year. Per cent
|1||Please note that the indices have been revised.|