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Households’ consumption down 2.1 per cent in June
statistikk
2009-08-12T10:00:00.000Z
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 , National accounts , Consumption, Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goodsJune 2009

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Households’ consumption down 2.1 per cent in June

Seasonally-adjusted figures show a fall of 2.1 per cent in the household consumption of goods from May to June this year. Car purchases was the only group with a clear increase.

Purchases of goods in the group ‘other goods’ declined most and fell by 3.3 per cent from May to June. In this group, purchases of books and leisure articles decreased particularly and contributed alone with a 1.2 percentage points reduction in total consumption. This must be seen in connection to a corresponding growth in May.

The households’ consumption of food, beverages and tobacco has been relatively stable during the previous months, but the figures for this group showed a clear decrease from May to June of 1.6 per cent.

Continued growth in car purchases

Overall, purchases of vehicles and petrol remained almost unchanged from May to June. Purchases of vehicles showed a significant increase compared with the previous month though, whereas reduced purchases of spare parts, fuels and oil contributed towards pulling the consumption down.

The households’ consumption of electricity and heating fuels was 0.3 per cent lower in June than in May.

Lower consumption than June last year

Without adjustments for seasonal variations, the households consumed goods for 1 per cent less in June 2009 than in the same month previous year. The consumption of food, beverages and tobacco remained unchanged compared with June 2008, whereas purchases of clothes and leisure equipment etc. were higher. In contrast, the electricity consumption and the purchases of vehicles and petrol was almost 10 per cent lower in June this year than June last year.

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, June 2009. Sesonally adjusted and unadjusted volume indices. June 2008-June 2009. 1995=1001
Period Sesonally
adjusted
Change from
previous month.
Per cent
Unadjusted Change from
the same month
last year.
Per cent
2008        
June  149.5 -0.8  152.3 -3.6
July  147.4 -1.4  150.6 1.1
August  147.3 0.0  147.5 -3.9
September  147.4 0.1  141.7 0.1
October  145.2 -1.5  145.3 -3.5
November  145.6 0.3  144.3 -7.3
December  146.0 0.3  190.5 -0.1
         
2009        
January  143.9 -1.4  137.5 -3.3
February  145.2 0.9  125.9 -7.9
March  143.7 -1.1  138.6 -1.3
April  145.3 1.1  136.0 -7.1
May  147.5 1.5  144.2 -3.7
June  144.4 -2.1  150.7 -1.0
1  Please note that the indices have been revised.