This is an archived release.
Lower household consumption without car purchases
According to the seasonally adjusted figures household consumption of goods went up by 0.5 per cent from November to December 2008. If one disregarded the purchase of the cars in the index, the figures would point to a 0.3 percent decrease.
According to the seasonal adjusted figures, purchases of vehicles and petrol went up by 3.2 per cent from November to December 2008. All through 2008, the purchases of vehicles were under the level of purchases in 2007. In December last year, the level was 21 per cent lower than the level in the corresponding month in 2007.
Consumption of electricity and heating fuels also contributed to pull the index of household consumption of goods up from November to December. The consumption of these goods increased by 1.1 per cent in December compared to the previous month.
Households’ consumption of food, beverages and tobacco showed a 0.7 per cent increase although the consumption of foodstuffs was nearly unchanged from November to December.
Consumption of the goods in the group ‘other goods’, declined by 0.7 per cent after the seasonal variations were removed. Purchases of furniture, photo equipment and electronics pulled the index down while the purchase in clothing and shoes pulled the index up.
Unadjusted volume index shows that the households’ consumption of goods was 0.1 per cent higher in December 2008 compared with the consumption in December 2007. Consumers bought less cars, furniture and household appliances and consumed less electricity, fuel and heating in December 2008 than in the corresponding month the year before.
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.
Change from the same
month last year.
|1||Please note that the indices have been revised.|