This is an archived release.
Car purchases remain low
Seasonally adjusted figures show an increase of 0.1 per cent in the household consumption of goods from October to November 2008. As in the previous month, the index is pulled down by the few car purchases.
Purchases of cars and other personal vehicles as well as petrol decreased by 1.3 per cent from the previous month, according to the index of household consumption of goods adjusted for seasonal variations. The consumption of food, beverages and tobacco and electricity and heating fuels also show a decrease of 0.1 and 0.9 respectively.
Despite the decrease in the households’ consumption of several types of goods, the overall household consumption went up by 0.1 per cent and with 0.6 per cent if one disregards car purchases. This is due to an increase of 0.9 per cent in the consumption of goods in the group “other goods” which constitute a large part of the total household consumption. The group “other goods” includes durable leisure goods, books, furniture, white goods, clothes and shoes. It was in particular the purchases of clothes and shoes that contributed to the growth in this group.
Without adjustments for seasonal variations, households consumed goods for 7.5 per cent less in October 2008 than in October 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 of 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.
|Period||Sesonally adjusted||Change from previous month. Per cent||Unadjusted||Change from the same month last year. Per cent|
|1||Please note that the indices have been revised.|