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56461
Decrease in household consumption
statistikk
2012-01-06T10:00:00.000Z
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, November 2011

Content

Published:

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Decrease in household consumption

Seasonally-adjusted figures show that household consumption was down by 0.5 per cent from October to November. The decrease was across the board, disregarding food, beverages and tobacco.

Consumption of food, beverages and tobacco went up 0.6 per cent in November. Purchases of other goods, however, decreased by 0.8 per cent. In particular, clothing, sports goods and leisure goods contributed to the decrease.

Consumption of electricity and heating fuels went down 3.1 per cent in November, while purchases of vehicles and petrol were 1.2 per cent lower than in the previous month.

Without adjusting for seasonal variations, the household consumption of goods was 0.8 per cent lower in November 2011 than in November 2010.

Index of household consumption of goods, seasonally adjusted. 2005=100

Index of household consumption of goods, November 2011. Seasonally adjusted and unadjusted volume indices. November 2010-November 2011. 2005=1001
Period Sesonally adjusted Change from
previous month.
Per cent 		Unadjusted Change from
the same month
last year. Per cent
2011        
November  118.2 -0.5  122.6 -0.8
October  118.9 0.3  116.9 0.5
September  118.5 -0.1  116.3 2.5
August  118.7 1.6  123.0 5.7
July  116.8 -0.9  118.1 -2.2
June  117.9 -0.3  122.1 -0.3
May  118.3 0.6  119.1 6.1
April  117.6 0.7  113.0 9.4
March  116.8 -1.2  115.6 -4.5
February  118.2 0.7  103.9 1.9
January  117.3 -0.2  109.9 -1.0
         
2010        
December  117.5 -1.4  153.1 1.9
November  119.1 1.9  123.6 9.8
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.

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. Also, the reference year has been changed to 2005.

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.