3245
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3245
Increased household consumption in May
statistikk
2009-06-30T10:00:00.000Z
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 , Consumption, National accounts , Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goodsMay 2009

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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.

Index of household consumption of goods, May 2009. Sesonally adjusted and unadjusted volume indices.
May 2008-May 2009. 1995=1001
Period Sesonally adjusted Change from
previous month.
Per cent
Unadjusted Change from
the same month
last year.
Per cent
2008        
May  151.1 1.1  149.8 2.7
June  149.2 -1.2  152.3 -3.6
July  147.3 -1.3  150.6 1.1
August  147.3 0.0  147.5 -3.9
September  147.3 0.0  141.7 0.1
October  145.2 -1.4  145.3 -3.5
November  145.6 0.3  144.3 -7.3
December  145.9 0.2  190.5 -0.1
         
2009        
January  144.0 -1.3  137.5 -3.3
February  145.3 0.9  125.9 -7.9
March  143.6 -1.2  138.6 -1.3
April  145.6 1.4  135.9 -7.2
May  147.7 1.4  144.1 -3.8
1  Please note that the indices have been revised.