54784
/en/varehandel-og-tjenesteyting/statistikker/vki/maaned
54784
Increase in household consumption
statistikk
2011-06-30T10:00:00.000Z
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 , National accounts , Consumption, Income and consumption, National accounts and business cycles, Wholesale and retail trade and service activities
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Index of household consumption of goodsMay 2011

Content

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Increase in household consumption

Seasonally-adjusted figures show that household consumption of goods was 1.1 per cent higher in May than in April. Consumption of electricity pulled the index slightly down, whereas purchases of leisure equipment pulled it up.

Index of household consumption of goods, seasonally adjusted. 1995=100

The households’ consumption of ‘other goods’ increased the most from April to May. Here the growth was 1.8 per cent according to seasonally-adjusted figures. It was purchases of books, leisure equipment, clothes and shoes that contributed most towards the increase in this group of goods.

Consumption of food, beverages and tobacco as well as purchases of vehicles and petrol also showed increases from April to May of 0.5 and 1.0 per cent respectively.

Consumption of electricity and heating fuels on the other hand decreased by 0.9 per cent.

Without adjustments for seasonal variations, the household consumption of goods was 6.2 per cent higher in May 2011 compared with May 2010.

Index of household consumption of goods, May 2011. Seasonally adjusted and unadjusted volume indices. May 2010-May 2011. 1995=1001
Period Sesonally adjusted Change from previous month.
Per cent
Unadjusted Change from the same month last year.
Per cent
2010        
May  151.7 -0.2  145.3 0.2
June  153.5 1.1  160.6 5.7
July  153.8 0.2  158.8 2.8
August  153.2 -0.4  153.0 2.3
September  154.8 1.0  149.2 2.8
October  154.8 0.0  153.0 -0.7
November  159.0 2.7  163.6 9.5
December  155.4 -2.2  204.4 2.1
         
2011        
January  154.7 -0.5  143.4 -1.0
February  156.6 1.2  135.4 2.1
March  155.9 -0.5  151.4 -4.0
April  156.6 0.5  147.0 9.0
May  158.3 1.1  154.3 6.2
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.