This is an archived release.
Slight decrease in consumption of goods
According to seasonally-adjusted figures, household consumption of goods decreased by 0.2 per cent from June to July 2012 after a strong decrease in the month before. Consumption of electricity and consumption of food and beverages contributed to pulling down consumption of goods.
Consumption of food and beverages dampened the consumption of goods for two months in a row. Consumption of electricity pulled down consumption of goods by 0.4 percentage points.
After a decrease of 2.7 per cent in June, purchases of vehicles and engine fuels rose by 2.5 per cent in July. Household purchases of other goods including clothes and shoes, leisure equipment and appliances went up by 0.9 per cent from June to July. Clothes and shoes made the biggest contribution to the increase.
Without adjusting for seasonal variations, the total household consumption of goods was 2.0 per cent higher in July 2012 than in July 2011.
previous month. Per cent
the same month last year. Per cent
|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.
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.
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.