This is an archived release.
Downward move in household consumption
Seasonally adjusted figures show a decrease in household commodity consumption of around 1 per cent in December. There was a decline in consumption for almost all types of goods except vehicles.
Purchases of cars and fuel rose by 1.7 per cent while the consumption of food, beverages and tobacco decreased by 0.7 per cent from November to December.
Household consumption of electricity and heating fuels fell by 4.5 per cent. This is the third consecutive month with a fall in electricity consumption.
The consumption of ‘other goods’ also decreased in December. The decrease was 1.5 per cent from the previous month. All types of goods in this group, including clothing and footwear had lower levels of consumption compared to November.
The household consumption of goods was 4 per cent higher in December than in the corresponding month of the previous year. The consumption of electricity used by consumers was 9.6 per cent higher, while the purchase of cars and fuel was almost 1 per cent higher. The consumption of food and beverages was nearly 2 per cent higher in December 2007 than in December 2006.
Method differs from the index of retail sales
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. The calculation of the index of commodity consumption is based on information from the index of retail sales plus purchases 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 in the 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 subsequent releases.
the same month
|1||Please note that the indices have been revised.|