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85173
Increased consumption of goods
statistikk
2012-06-29T10:00:00.000Z
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, May 2012

Content

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Increased consumption of goods

Household consumption of goods increased by 0.9 per cent from April to May, according to seasonally-adjusted figures. Food and clothing pulled the index up, while car purchases and electricity consumption declined in May.

Index of household consumption of goods, seasonally adjusted. 2005=100

Consumption of food and beverages rose by 1.7 per cent from April to May. Household purchases of other goods, which includes leisure equipment, clothes and appliances among other things, went up by 2 per cent in the same period.

There was a decline in purchases of vehicles and engine fuel by 1.3 per cent in May. Electricity and heating fuels also decreased, and was 4 per cent lower than in April.

Without adjusting for seasonal variations, the total household consumption of goods was 3.1 per cent higher in May 2012 than in May 2011.

1 Index of household consumption of goods, Mai 2012. Seasonally adjusted and unadjusted volume indices. Mai 2011-Mai 2012. 2005=1001
Period Sesonally
adjusted 		Change from
previous month.
Per cent 		Unadjusted Change from
the same month
last year.
Per cent
2012        
May  123.0 0.9  123.3 3.1
April  121.9 1.6  109.5 -3.2
March  120.0 0.0  122.0 5.4
February  120.0 0.9  109.1 5.0
January  118.9 0.4  114.7 4.3
         
2011        
December  118.5 0.1  153.4 0.2
November  118.3 -0.5  122.5 -0.9
October  118.8 0.1  116.9 0.6
September  118.7 -0.3  116.4 2.6
August  119.0 1.6  123.1 5.7
July  117.2 -0.5  118.2 -2.1
June  117.8 -0.3  122.2 -0.2
May  118.1 0.3  119.6 6.5
1  Please note that the indices have been revised.


Comparability to 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.

The national accounts have recently carried out a revision of the time series . The index of household consumption of goods, which uses the same methods and definitions as the consumption calculations in the quarterly national accounts, is affected by this revision. Also, the reference year has been changed to 2005.

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 margin.