This is an archived release.
Decrease in consumption of goods
Seasonally-adjusted figures show that household consumption of goods decreased by 1.1 per cent from September to October. The majority of consumption aggregates experienced a weak decline.
Household consumption of food and beverages was approximately unchanged from September to October after a growth in the two preceding months.
Electricity and heating fuels showed a weak decrease by 0.3 per cent from September to October, after an increase the month before. Purchases of vehicles and engine fuels, and consumption of goods such as clothes and leisure equipment pulled the index down. Clothes and shoes made the biggest contribution to the decrease.
Without adjusting for seasonal variations, the total household consumption of goods was 4.3 per cent higher in October 2012 than in October 2011.
the same month
|1||Please note that the indices have been revised.|
Comparability to the index of retail sales
The index of household consumption of goods describes the development in household consumption of goods. For goods sold in the retailing industry, the index of retail sales is the main source. The index of household consumption of goods also includes purchases of cars (initial registration) and consumption of electricity and heating fuels.
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.
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 margin.