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Cars pulled consumption of goods up
statistikk
2013-02-28T10:00:00.000Z
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, January 2013

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Cars pulled consumption of goods up

Seasonally-adjusted figures show that household consumption of goods increased by 0.9 per cent from December to January. The main reason for the increase was the purchase of new cars.

Index of household consumption of goods. Percentage change from the previous month. Seasonally adjustedPublished 28 February 2013
January 2013December 2012November 2012October 2012September 2012
Of all goods0.90.10.2-1.01.2
Food, beverages and tobacco0.00.70.40.20.4
Electricity and heating fuels-6.28.0-2.2-0.24.5
Purchases of vehicles and petrol5.7-5.00.5-0.90.9
Other goods1.40.00.5-2.21.3

Source: Statistics Norway

Index of household consumption of goods. 2005=100

The increase in consumption of cars was 5.7 per cent from December to January, after a decline last month. Household purchases of other goods, such as clothing and leisure equipment also showed an increase from December to January.

Electricity and heating fuels decreased by 6.2 per cent, thereby pushing down household consumption by 0.6 percentage points. Consumption of food and beverages was approximately unchanged from December to January.

Without adjusting for seasonal variations, the total household consumption of goods was 3.9 per cent higher in January 2013 than in January 2012.

Comparability to the index of retail sales Open and readClose

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 and consumption of electricity and heating fuels.

Connection to quarterly national accountsOpen and readClose

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 Open and readClose

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 figuresOpen and readClose

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 "seasonal adjustment" in the right margin.