This is an archived release.
Increased household consumption in May
Household consumption of goods went up by 1.4 per cent from April to May, according to seasonally- adjusted figures. All commodity groups contributed to the increase.
According to seasonally-adjusted figures, purchases of cars and petrol were 1.1 per cent higher in May than in April this year. There was a slight reduction in purchases of vehicles, however, all other components in this group contributed to pulling the index upwards.
The consumption of electricity and heating fuels went up by 3.8 per cent from April to May this year.
Households’ consumption of food, beverages and tobacco increased by 0.7 per cent in May, according to seasonally-adjusted figures. Except for alcoholic beverages, consumption of all components in this commodity group was higher in May compared to the previous month.
The consumption of the goods in the group “other goods” was 1.7 per cent higher in May than in April. In particular, books contributed to the increase.
The unadjusted volume index shows that the households’ consumption of goods was 3.8 per cent lower in May 2009 compared with the same month the previous year. Only the group “other goods” showed a higher consumption in May 2009 than in May 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. Compared 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, it should be borne in mind that the “Standard Industrial Classification” changed on 1 January 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 a 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 means that such estimates will be replaced in subsequent releases. As regards the seasonally-adjusted figures, the figures for previous periods may be revised when a new observation is added to the series of raw data.
the same month
|1||Please note that the indices have been revised.|