This is an archived release.
Some decrease in household consumption
Seasonally-adjusted figures show that household consumption was down by 0.5 per cent from August to September, after a clear increase the previous month. Purchases of clothing and shoes pulled the index slightly down.
The consumer group other goods went down by 0.7 per cent. Purchases of clothing and footwear saw a particular decline in this group. Purchases of electricity and heating decreased by 1.9 per cent.
After strong growth in August, consumption of food, beverages and tobacco was virtually unchanged in September. Purchases of vehicles, fuel and spare parts also show virtually no change from the previous month.
Without adjusting for seasonal variations, the household consumption of goods was 2.6 per cent higher in September 2011 than in September 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.
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.