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3220
Increased household consumption
statistikk
2010-06-30T10:00:00.000Z
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 goods, May 2010

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Increased household consumption

After three months with falls in the index of household consumption of goods, the index for May 2010 shows an increase of 1.1 per cent from April, according to seasonally-adjusted figures. Car purchases and use as well as books and leisure article purchases contributed towards the growth.

Households’ purchases of cars, spare parts and fuel increased by 3.1 per cent from April to May this year. The index would have been 1.0 per cent up if car purchases were excluded.

Households’ consumption of goods in the group ‘other goods’ increased by 1.6 per cent. Within this group it was in particular books and leisure articles that contributed towards the growth. Clothes and shoes purchases on the other hand reduced it.

Consumption of electricity and heating fuels decreased by 0.9 per cent, while consumption of food, beverages and tobacco showed a slight decrease of 0.1 per cent from April to May.

Without adjustments for seasonal variations, the household consumption of goods remained unchanged in May 2010 compared with the same month in the previous year.

Index of household consumption of goods, May 2010. Seasonally adjusted and unadjusted volume indices. May 2009-May 2010. 1995=1001
 
Period Sesonally
adjusted		 Change from
previous month.
Per cent		 Unadjusted Change from
the same month
last year.
Per cent
 
2009        
May  149.2 2.2  145.0 -3.5
June  145.7 -2.4  152.0 -0.6
July  149.5 2.6  154.5 2.1
August  150.7 0.8  149.5 1.1
September  150.0 -0.4  145.1 2.1
October  153.6 2.3  154.0 5.9
November  151.3 -1.4  149.5 3.8
Desember  153.3 1.3  200.2 5.4
         
2010        
January  154.4 0.7  144.8 5.9
February  152.9 -1.0  132.7 6.1
March  152.1 -0.6  157.7 14.2
April  150.7 -0.9  134.7 -1.1
May  152.3 1.1  145.0 0.0
 
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 month is added to the series. For further information see About seasonal adjustments in the left column.

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