This is an archived release.
Lower household consumption in June
Household consumption was 0.6 per cent lower in June than in May according to the seasonally adjusted figures. Lower consumption of food, beverages, clothing and footwear pulled the index down.
Seasonally adjusted figures show that the consumption of foodstuffs, beverages and tobacco dropped by 0.5 percent from May to June. Consumption of other goods such as sports equipment, books clothing and footwear went down by 1.2 per cent.
Household consumption of electricity and heating fuels increased by 0.6 per cent from May to June. Purchase of vehicles and petrol showed a 0.7 per cent increase according to the seasonally adjusted figures.
The index of households’ total consumption of goods was 3.9 per cent lower in June 2008 than in June last year. A considerable decrease in the purchase of vehicles was registered. Consumption of food, beverages, clothing and footwear was also lower this year compared to the levels last year.
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.|