3275
/en/varehandel-og-tjenesteyting/statistikker/vki/arkiv
3275
Slight decrease in household consumption
statistikk
2008-04-30T10:00:00.000Z
Wholesale and retail trade and service activities;Income and consumption;National accounts and business cycles
en
vki, Index of household consumption of goods, volume index, household consumption (for example car purchase, food consumption, electricity consumption)Wholesale and retail trade , National accounts , Consumption, Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goodsMarch 2008

Content

Published:

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Slight decrease in household consumption

Seasonally adjusted figures show a decrease in household consumption of 0.5 per cent in March. The largest decrease was seen in purchases of furniture and white goods.

Easter fell in March this year, as opposed to April last year. As a result, the seasonally adjusted figures are more uncertain than usual.

The consumption of ‘other goods’, which includes clothing, shoes, durables, furniture and leisure goods, decreased by 1.2 per cent from February to March. The consumption of furniture and white goods decreased by 8.3 per cent following strong growth from January to February. The consumption of clothing and footwear was more or less unchanged from February to March.

In the same period, household consumption of electricity and heating fuels rose by 4.8 per cent, while the purchase of vehicles and petrol fell by 0.6 per cent.

The consumption of foodstuffs and beverages decreased by 0.5 per cent from February to March.

The household consumption of goods was 5.6 per cent lower in March than in the corresponding month in 2007. This decrease can be explained by the fact that Easter fell in April 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.

Index of household consumption of goods, March 2008. Seasonally adjusted and unadjusted volume index. March 2007-March 2008. 1995=1001
Period Seasonally
adjusted
Change from
previous month.
Per cent
Unadjusted Change from
the same month
last year. Per cent
2007        
March  152.2 1.3  152.0 8.8
April  150.5 -1.1  134.4 5.1
May  151.7 0.7  150.0 6.6
June  156.2 3.0  163.4 10.5
July  154.1 -1.3  154.1 8.3
August  153.9 -0.1  159.2 7.9
September  155.6 1.1  146.0 5.2
October  155.3 -0.2  155.1 10.5
November  156.5 0.7  160.0 8.6
December  155.6 -0.5  197.7 4.4
         
2008        
January  153.2 -1.6  145.9 0.7
February  156.0 1.9  140.3 8.1
March  155.3 -0.5  143.5 -5.6
1  Please note that the indices have been revised.