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54790
Significant increase in household consumption
statistikk
2011-09-29T10:00:00.000Z
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, August 2011

Content

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Significant increase in household consumption

Seasonally-adjusted figures show an increase of 2 per cent in household consumption of goods from July to August, after a decrease in the previous month. Purchases of food and vehicles pulled the index up.

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

Consumption of food, beverages and tobacco was up 2.3 per cent in August, after low July figures. Purchases of vehicles, fuel and spare parts also went up, and showed an increase of 4.5 per cent.

Households’ consumption of electricity and heating fuels went down 0.8 per cent compared with the previous month, while consumption of other goods increased by 1.4 per cent. In particular, clothes and shoes contributed to pulling the growth in this group up.

Without adjustment for seasonal variations, the household consumption of goods was 5.7 per cent higher in August 2011 than August 2010.

Index of household consumption of goods, August 2011. Seasonally adjusted and unadjusted volume indices. August 2010-August 2011. 1995=1001
Period Sesonally adjusted Change from previous
month. Per cent 		Unadjusted Change from the same
month last year. Per cent
2011        
August  157.8 2.0  161.7 5.7
July  154.6 -1.0  155.3 -2.2
June  156.2 -1.5  160.2 -0.2
May  158.6 1.5  155.3 6.9
April  156.3 0.6  146.8 9.0
March  155.4 -0.8  151.0 -4.3
February  156.6 1.1  135.4 2.0
January  154.8 -0.3  143.7 -0.8
         
2010        
December  155.4 -2.3  204.4 2.1
November  159.1 2.6  163.6 9.5
October  155.0 0.1  153.0 -0.7
September  154.8 1.2  149.2 2.8
August  153.0 -1.0  152.9 2.3
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.