This is an archived release.
Consumption up again in November
Seasonally adjusted figures shows an increase in household commodity consumption of almost 1 per cent in November, following a decrease from September to October. Purchases of clothes, furniture and white goods were the main drivers behind the growth.
The consumption of ‘other goods’ increased by nearly 2 per cent from October to November. Purchases of clothing and shoes increased by more than 2 per cent and for furniture and white goods the increase was higher than 2.5 per cent. The other goods that belong to ‘other goods’, such as leisure equipment and personal goods, had a slower growth.
The household consumption of groceries was unchanged from October to November, while purchases of cars and fuel had a weak increase.
From October to November, the consumption of electricity and heating fuels was down by 0.5 per cent.
In November 2007, the household consumption of goods was 8.5 per cent above the level in November the previous year. The purchase of cars and fuel was more than 11 per cent higher, and the use of electricity was almost 10 per cent above the November 2006 level. In comparison, the household consumption of groceries was about 7 per cent higher in November 2007 than in November 2006.
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 to timeliness, 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.
Change from the
same month last year.
|1||Please note that the indices have been revised.|