This is an archived release.
Lower consumption of electricity pulled the index downwards
The index of household consumption of goods went down by 0.6 per cent from September to October, according to the seasonally adjusted figures. The consumption of electricity was lower than in October last year and this contributed to the move downwards. Otherwise, the food consumption was up, while the consumption of clothing went down.
The households’ use of electricity and heating fuels went down by 6.6 per cent from September to October, according to the seasonal adjusted figures.
Consumption of food, beverages and tobacco went up by 1.6 per cent from in October.
Purchase of cars and petrol fell by 0.5 per cent in October. Purchase of cars showed a strong increase while the consumption of petrol went down by the same rate.
Consumption of ‘other goods’ went down by 1.3 per cent in October. This is mainly due to the decrease in the purchase of clothing, footwear, furniture and durables.
The total consumption of goods was 10.5 per cent higher in October this year compared to last year’s level in the same month.
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 household consumption of goods may have to rely on preliminary estimates in some cases. This implies that such estimates will be replaced in the subsequent releases.
the same month
|1||Please note that the indices have been revised.|