3238
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Increased consumption of goods in August
statistikk
2009-09-30T10:00:00.000Z
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 , 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 goodsAugust 2009

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Increased consumption of goods in August

Household consumption of goods went up by 0.5 per cent from July to August, according to seasonally-adjusted figures. Vehicles and food was the main categories behind the growth.

Purchases of vehicles and petrol overall were 2.3 per cent higher in August than in July this year. We purchased more vehicles, while purchases of gas were reduced in August.

Households’ consumption of food, beverages and tobacco showed an increase of 1.1 per cent from July to August.

Consumption of electricity and heating fuels went down by 0.8 per cent. Seasonally-adjusted figures showed a decrease in consumption of electricity, while consumption of heating fuels remained almost unchanged.

There was a slight decrease in consumption of goods in the group “other goods”, which was 0.2 per cent lower in August compared with July.

Without adjustments for seasonal variations, household consumption of goods was 0.5 per cent higher in August 2009 than in the same month in the previous year. In particular, consumption of clothes and shoes contributed to this increase.

Index of household consumption of goods, August 2009. Sesonally adjusted and unadjusted volume indices. August 2008-August 2009. 1995=1001
Period Sesonally adjusted Change from
previous month.
Per cent
Unadjusted Change from
the same month
last year.
Per cent
2008        
August  146.8 0.1  147.5 -3.9
September  147.3 0.3  141.7 0.1
October  145.0 -1.7  145.3 -3.5
November  145.5 0.3  144.3 -7.3
December  145.9 0.3  190.5 -0.1
         
2009        
January  144.0 -1.3  137.5 -3.3
February  145.4 0.9  125.9 -7.9
March  144.0 -1.0  138.6 -1.3
April  145.5 1.1  135.9 -7.2
May  148.1 1.8  144.2 -3.7
June  145.1 -2.1  150.9 -0.9
July  148.8 2.6  153.6 2.0
August  149.5 0.5  148.3 0.5
1  Please note that the indices have been revised.

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 sometimes has to rely on preliminary estimates, which are 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. For more information about seasonal adjustments of the Index of household consumption of goods, see “About the seasonal adjustments” to the left.