This is an archived release.
Commodity consumption down in January
Household commodity consumption fell by 1.7 per cent from December 2007 to January 2008. There was a particularly strong decrease in purchases of cars and consumption of electricity and heating fuels. If we exclude these two consumption groups, the decrease was 0.6 per cent.
The use of electricity and heating fuels fell by 8.6 per cent from December last year to January this year, according to seasonally adjusted figures. The consumption of heating fuels declined more than the consumption of electricity.
Purchases of cars and fuels fell by 4.1 per cent from December to January.
The consumption of goods in the consumption group ‘other commodities’ also decreased in January. The 1.3 per cent decline was caused by a decrease in purchases of clothes, shoes, furniture and white goods. There were only smaller changes in the other commodities in this group.
The consumption of food, beverages and tobacco increased by 0.4 per cent in January.
The household consumption of commodities was 0.9 per cent higher in January 2008 than in January 2007. The weak growth was a result of very large purchases of cars in January 2007, and without these purchases the index rose by 4.5 per from January 2007 to January 2008.
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.|