This is an archived release.
Slight increase in household consumption
Household consumption rose by 0.2 per cent from April to May, despite a strong downward development in purchases of vehicles and electricity consumption.
Seasonally adjusted figures show that the consumption of foodstuffs and beverages rose by 0.8 per cent from April to May, and that the consumption of ‘other goods’ such as sports equipment, books clothing and footwear rose by 2.1 per cent.
Household consumption of electricity and heating fuels declined by 6.8 per cent.
Vehicles purchased by households fell by 7.5 per cent from April to May. Purchases of petrol by households, on the other hand, were higher compared to the previous month. The decrease for this group altogether was 3.9 per cent.
The total index of household consumption of goods in May this year was 2.9 per cent higher than in May 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.
the same month
|1||Please note that the indices have been revised.|