This is an archived release.
Decreased household consumption in July
Seasonally-adjusted figures show that household consumption was down 1 per cent from June to July. There was a general decline in most consumer groups.
Purchase of vehicles was the consumer group with the largest decline. This is the second consecutive month in which purchases of cars have shown a significant decline. The total purchases of vehicles, fuel and spare parts was 2.1 per cent lower than the previous month.
Household purchases of other goods, including clothing, recreational equipment and appliances, fell by 1.2 per cent.
Purchases of food, beverages and tobacco showed a decline of 0.7 per cent, while consumption of electricity and heating went up by 1.5 per cent.
Without adjustment for seasonal variations, the household consumption of goods was 2.4 per cent lower in July 2011 than July 2010.
It should be noted that the text table is changed in that last month is placed at the top of the table.
Change from the
same month last year.
|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.
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.