This is an archived release.
Household consumption up in February
Seasonally adjusted figures show an increase in household consumption of 2 per cent in February. The increase was mainly driven by increased purchases of clothing and footwear, furniture and durable goods.
The consumption of ‘other goods’, which includes clothing, shoes, durables, furniture and leisure goods increased by 3.3 per cent from January to February. The consumption of furniture and durable goods increased by 7.6 per cent, and the consumption of clothing and footwear increased by 4.5 per cent.
In the same period, household consumption of electricity fell by 0.8 per and the consumption of vehicles and petrol rose by 2.3 per cent.
The consumption of foodstuffs and beverages showed a slight increase of 0.6 per cent from January to February.
The household consumption of goods was 8.1 per cent higher in February than in the corresponding month in 2007. The consumption of ‘other goods’, was 11 per cent higher than in February 2007, which is a substantial increase. Furthermore, the consumption of food, beverages and tobacco was 8.7 per cent higher than one year before. The purchase of vehicles also increased compared to the same period in 2007.
Method differs from the index of retail sales
The index of household consumption of goods describes the development in household consumption, while the index of retail sales measures the development in retail sales. As opposed to the index of retail sales, the index household consumption of goods has a wider selection of goods. The calculation of the index of household consumption of goods 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 household consumption of goods uses the same definitions and methods of compilation as the quarterly national accounts, and thus serves as an indicator of household consumption 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.
Change from previous
month. Per cent
Change from the same
month last year. Per cent
|1||Please note that the indices have been revised.|