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We consumed less goods in March
statistikk
2010-04-29T10:00:00.000Z
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 goods, March 2010

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We consumed less goods in March

Household consumption of goods was 0.4 per cent lower in March than in February, according to seasonally-adjusted figures. Food, electricity and purchases of vehicles all decreased, while consumption of clothes and shoes went up.

Consumption of food, beverages and tobacco went down by 1.3 per cent in March compared with the previous month. All components in this group showed a decrease.

Consumption of electricity and heating fuels decreased by 6.8 per cent from February, while purchases of vehicles and engine fuels went down 0.8 per cent.

Other goods, however, increased by 1.4 per cent in March. Particularly the figures for purchases of clothes and shoes were higher compared with February.

Without adjustments for seasonal variations, the household consumption of goods was 14 per cent higher in March 2010 than in March 2009.

Index of household consumption of goods, March 2010. Seasonally adjusted and unadjusted volume indices. March 2009-March 2010. 1995=1001
 
Period Seasonally
adjusted		 Change from
previous month.
Per cent		 Unadjusted Change from the
same month
last year.
Per cent
 
2009        
March  144.0 -0.4  138.1 -1.6
April  146.1 1.5  136.0 -7.2
May  148.6 1.7  144.7 -3.7
June  145.5 -2.1  151.9 -0.7
July  149.5 2.7  154.7 2.1
August  150.3 0.6  149.3 0.7
September  150.1 -0.2  145.0 2.0
October  153.6 2.4  154.0 5.8
November  151.5 -1.4  149.4 3.8
Desember  153.5 1.3  200.2 5.3
         
2010        
January  154.8 0.8  144.8 5.9
February  153.5 -0.8  132.7 6.1
March  152.9 -0.4  157.5 14.0
 
1  Please note that the indices have been revised.

It is important to be aware that the uncertainty in the seasonally-adjusted indices for March and April is greater than normal due to the changed placing of Easter. The seasonally-adjusted indices take the placing of Easter into account, but it can still be difficult to adjust for all impacts caused by Easter.

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 month is added to the series. Read more about seasonal adjustments .

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