This is an archived release.
Lower household consumption of goods
Household consumption of goods fell by 0.5 per cent from September to October, according to calendar and seasonally-adjusted volume figures. It was mainly the drop in purchases of vehicles and petrol that contributed to the fall in goods consumption in October.
|October 2013||September 2013||August 2013||July 2013||June 2013|
|Of all goods||-0.5||0.5||0.6||-2.4||0.4|
|Food, beverages and tobacco||0.3||0.5||-0.2||0.5||-0.7|
|Electricity and heating fuels||-2.1||-0.1||-0.5||2.1||-3.1|
|Purchases of vehicles and petrol||-2.1||1.0||3.9||-7.9||4.2|
Purchases of vehicles and petrol were down 2.1 per cent from September to October, which accounted for -0.3 percentage points in the growth in total household consumption.
Consumption of electricity and heating fuels was also down 2.1 per cent. Consumption of food and beverages rose by 0.3 per cent.
Consumption of other goods , such as furniture, household appliances and sporting goods, was slightly lower in October than in September.
Without adjusting for calendar effects and seasonality, household consumption of goods in October 2013 was 1 per cent higher than in October 2012.
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.
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 final consumption expenditure in the Quarterly National Accounts.
The National Accounts have recently carried out a revision of the time series (Quarterly National Accounts), but the index of household consumption of goods is only marginally effected by the revision. The index of household consumption of goods, which uses the same methods and definitions as household final consumption expenditure in the Quarterly National Accounts, is affected by this revision.