54794
/en/varehandel-og-tjenesteyting/statistikker/vki/maaned
54794
Weak trend in household consumption
statistikk
2011-11-30T10:00:00.000Z
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 , 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 goodsOctober 2011

Content

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Weak trend in household consumption

Seasonally-adjusted figures show that household consumption was down by 0.2 per cent from September to October, after a stronger decrease the previous month. Reduced purchases of vehicles contributed to pulling the household consumption down by 0.5 percentage points.

The national accounts have recently carried out a revision of the time series . The Index of household consumption of goods, which uses the same methods and definitions as the consumption calculations in the quarterly national accounts, is affected by this revision. Time series for the Index of household consumption of goods are now available , but StatBank is not updated. Earlier time series for the Index of household consumption of goods are available in the quarterly in the quarterly national accounts . (1 December 2011)

While purchases of vehicles went down, consumption of fuel increased in October. Purchases of vehicles, fuel and spare parts combined went down by 1.7 per cent. Consumption of electricity and heating fuels also had a decrease and was down 2.3 per cent from the previous month.

Consumption of food, beverages and tobacco was approximately unchanged in October, while consumption of other goods increased by 0.4 per cent.

Without adjusting for seasonal variations, the household consumption of goods was 0.3 per cent higher in October 2011 than in October 2010.

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

Index of household consumption of goods, October 2011. Seasonally adjusted and unadjusted volume indices. October 2010-October 2011. 1995=1001
Period Seasonally
adjusted
Change from
previous month.
Per cent
Unadjusted Change from the
same month
last year.
Per cent
2011        
October  157.1 -0.2  161.0 0.3
September  157.5 -0.5  154.7 2.5
August  158.3 2.3  162.0 5.8
July  154.8 -0.8  157.1 -2.2
June  156.0 -1.2  157.6 -0.4
May  158.0 0.8  147.7 6.0
April  156.7 0.9  136.2 9.4
March  155.3 -1.1  147.2 -4.6
February  157.1 1.2  123.8 1.8
January  155.2 -0.4  137.6 -1.0
         
2010        
December  155.9 -1.9  215.1 2.0
November  158.9 2.5  168.0 9.4
October  155.0 0.1  160.5 -0.6
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.