This is an archived release.
Fall due to decrease in the consumption of furniture
The index of commodity consumption fell by 0.5 per cent in August, according to seasonally adjusted figures. The consumption of goods in the group “other goods”, such as furniture and white goods, and of electricity pulled the index down.
Consumption of goods belonging to the group “other goods” was down by 1.3 per cent from July to August. Most goods in this group went down, but especially furniture, white goods and clothes pulled the index down.
The households’ use of electricity and heating fuels decreased by 8.4 per cent in August. The figures on July are revised upwards, and show abnormally high consumption in July. The decrease in August must be seen in context with this high figure.
Growth in the sales of cars
Purchase of cars continued to grow in August, and was 1.6 per cent higher than in July. Consumption of food stuff was also up 1.6 per cent.
Compared with August 2006, the consumption of goods was almost 8 per cent higher in August this 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, August 2007. Seasonally adjusted
and unadjusted volume index. August 2006 - August 2007. 1995=1001
Change from previous
month. Per cent
Change from the same
month last year. Per cent
|1||Please note that the indices have been revised.|