This is an archived release.
Strong decrease in car purchases
According to the seasonally adjusted figures household consumption of goods fell by 1.3 per cent from December 2008 to January 2009. The reduced car purchases pulled the index down significantly. The index, excluding these purchases, shows a growth of 1 per cent.
According to the seasonally adjusted figures, purchases of vehicles and petrol dropped by 16.1 per cent from December 2008 to January 2009.
Households’ consumption of food, beverages and tobacco, as well as electricity and heating fuels, showed a minor or no change compared with the previous month.
Consumption of the goods in the group “other goods”, increased by 2.1 per cent. Leisure equipment pulled the index up whereas the other goods in the group had only minor changes. Other goods include inter alia furniture, household equipment, leisure equipment, books, clothes and white and brown goods.
Unadjusted volume index shows that the households’ consumption of goods was 3.3 per cent lower in January 2009, compared with the same month in the previous year. Consumers bought significantly fewer cars, whereas the other consumption groups showed growth when one compares January 2009 with January 2008.
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) and consumption of electricity and heating fuels. This may result in deviations in the development of the two indices. Additionally one should bear in mind that the “Standard Industrial Classification” changed 1.1.2009, which inter alia means that petrol stations from then onwards are a part of retail sales.
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
the same month
last year. Per cent
|1||Please note that the indices have been revised.|