This is an archived release.
Steady household consumption of goods
Seasonally-adjusted figures show that households’ consumption of goods remained unchanged from December 2010 to January 2011. While the consumption of food and cars increased, a decrease in electricity consumption contributed to pulling the index down.
Consumption of food, beverages and tobacco went up by 1.3 per cent from December to January. Purchases of vehicles and petrol showed an increase of 4.6 per cent, after a strong decrease the previous month.
After a freezing December, household consumption of electricity and heating fuels went down 7 per cent in January. Other goods decreased by 1.1 per cent. Consumption of clothes and leisure equipment went down, while furniture and household appliances showed an increase.
Without adjustments for seasonal variations, the household consumption of goods was 0.8 per cent lower in January 2011 compared with January 2010.
the same month
|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.
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.