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54786
Cars pulled the household consumption down
statistikk
2011-08-12T10:00:00.000Z
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, June 2011

Content

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Cars pulled the household consumption down

Seasonally-adjusted figures show that household consumption of goods was 1.6 per cent lower in June than in May. Purchases of vehicles declined sharply. Excluding vehicle purchases, the household consumption of goods was approximately unchanged from the previous month.

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

Purchases of vehicles and petrol was 10.3 per cent lower in June compared with the previous month.

Consumption of food, beverages and tobacco showed a decrease of 0.5 percent, while electricity and heating fuels decreased by 0.2 per cent.

The households’ consumption of ‘other goods’, which includes household appliances, leisure equipment, clothes among others, increased however, and was 0.6 per cent higher compared with the previous month.

Without adjustments for seasonal variations, the household consumption of goods was 1 per cent lower in June 2011 compared with June 2010.

Index of household consumption of goods, June 2011. Seasonally adjusted and unadjusted volume indices. June 2010-June 2011. 1995=1001
Period Sesonally adjusted   Change from
   previous month.
Per cent 		   Unadjusted    Change from the
   same month last year.
Per cent
2010        
June  153.9 1.8  160.6 5.7
July  153.7 -0.1  158.8 2.8
August  153.2 -0.3  153.0 2.3
September  154.8 1.0  149.2 2.8
October  154.8 0.0  153.0 -0.7
November  159.1 2.7  163.7 9.5
December  155.5 -2.3  204.4 2.1
         
2011        
January  154.8 -0.5  143.4 -0.1
February  156.7 1.3  135.4 2.1
March  155.9 -0.5  151.4 -4.0
April  156.6 0.5  147.0 9.0
May  157.7 0.7  154.3 6.2
June  155.2 -1.6  158.9 -1.0
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.