This is an archived release.
Significant increase in household consumption
Seasonally-adjusted figures show that household consumption of goods increased by 2.2 per cent from December to January 2012, after a decline in the two previous months. In particular, consumption of food, vehicles and clothing contributed to the increase.
Consumption of food and beverages and tobacco rose by 1.7 per cent, after a decline in the previous month. Purchases of goods in the category “other goods” also increased by 1.7 per cent in January, clothes was the largest contributor to the growth in this group.
Purchases of vehicles and petrol went up 2.9 per cent in January, after a decrease in the two previous months. Electricity and heating fuels also increased, and was 6.8 per cent higher in January than in December. The increase in consumption of vehicles and electricity pulled the growth in the index up by 0.5 and 0.4 percentage points respectively.
Without adjusting for seasonal variations, the household consumption of goods was 4.2 per cent higher in January 2012 than in January 2011.
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.
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.
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.