3267
/en/varehandel-og-tjenesteyting/statistikker/vki/arkiv
3267
Continued decrease in household consumption
statistikk
2008-08-29T10:00:00.000Z
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 goodsJuly 2008

Content

Published:

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Continued decrease in household consumption

Seasonally adjusted figures show that the household consumption decreased by 1.3 per cent from June to July. In particular there was a large decrease in purchase of vehicles. Additionally there was a moderate decrease in consumption of heating fuels.

According to the seasonally adjusted figures, the households’ purchase of vehicles and petrol decreased by 8.4 per cent from June to July.

Household consumption of electricity and heating fuels was 0.5 per cent lower in July than in June. Equally, the consumption of other goods such as sports equipment, books, clothing and footwear in total went down by 0.5 per cent.

Seasonally adjusted figures show, however, that the consumption of food, beverages and tobacco increased by 0.5 per cent from the previous month.

In July 2008, the index of household consumption of goods in total was 1.4 per cent higher than in July 2007, despite the considerable decrease of about 18 per cent in the purchase of vehicles from July last year to July this year. Consumption of food, beverages, clothing and footwear, however, increased compared with the same month 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.

Index of household consumption of goods, July 2008. Sesonally adjusted and unadjusted volume index. July 2007-July 2008. 1995=1001
Period Sesonally
adjusted
Change from
previous month.
Per cent
Unadjusted Change from
the same month
last year.
Per cent
2007        
July  152.0 -1.2  151.2 7.8
August  151.6 -0.3  156.6 7.6
September  153.3 1.1  143.8 5.0
October  153.3 0.0  152.9 10.5
November  154.2 0.6  157.9 8.7
December  153.3 -0.6  195.1 4.5
2008        
January  151.1 -1.5  144.0 0.7
February  153.8 1.8  138.4 7.9
March  153.5 -0.2  142.0 -5.4
April  152.8 -0.5  148.1 11.8
May  153.5 0.5  152.0 3.0
June  152.4 -0.8  154.3 -3.9
July  150.3 -1.3  153.2 1.4
1  Please note that the indices have been revised.