3207
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3207
Significant increase in household consumption
statistikk
2011-01-07T10:00:00.000Z
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 goodsNovember 2010

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Significant increase in household consumption

The increase in household consumption of goods continued in November, and was 2.1 per cent, according to seasonally-adjusted figures. The growth was across the board, but particularly strong for electricity consumption.

Consumption of electricity and heating fuels went up 8 per cent from October to November, and contributed alone to pulling the index up by 0.5 percentage points.

Purchases of vehicles and petrol were 3 per cent higher in November than in the previous month. Consumption of food, beverages, and tobacco increased by 1.1 per cent, while other goods had an increase of 1.7 per cent.

Without adjustments for seasonal variations, the household consumption of goods was 9.3 per cent higher in November compared with the same month in the previous year.

Index of household consumption of goods, November 2010. Seasonally adjusted and unadjusted volume indices. November 2009-November 2010. 1995=11
 
Period Sesonally
adjusted
Change from
previous month.
Per cent
Unadjusted Change from the same
month last year.
Per cent
 
2009        
November  150.3 -2.1        149.5 3.8
Desember  152.7 1.6  200.2 5.4
         
2010        
January  154.2 1.0  144.8 5.9
February  153.1 -0.7  132.7 6.1
March  151.8 -0.9  157.7 14.2
April  151.3 -0.3  134.6 -1.2
May  152.8 1.0  145.2 0.1
June  152.8 0.0  160.5 5.6
July  154.0 0.7  158.6 2.7
August  153.4 -0.4  152.8 2.2
September  155.0 1.1  149.0 2.7
October  155.6 0.4  152.8 -0.8
November  158.9 2.1  163.3 9.3
 
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 part of retail sales.

 

Connection to quarterly national accounts

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.

 

Revisions

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.

Seasonally-adjusted figures

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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