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95672
Higher household consumption of goods
statistikk
2014-01-09T10:00:00.000Z
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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Seasonally-adjusted figures show that household consumption of goods rose 0.4 per cent from October to November 2013.

Index of household consumption of goods, November 2013

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Higher household consumption of goods

Household consumption of goods rose 0.4 per cent from October to November 2013, following a similar decline in the previous month. Consumption of electricity and heating fuels accounted for most of the increase.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 9 January 2014
November 2013October 2013September 2013August 2013July 2013
Of all goods0.4-0.50.50.6-2.4
Food, beverages and tobacco-0.20.10.5-0.30.3
Electricity and heating fuels3.4-1.30.1-0.42.2
Purchases of vehicles and petrol0.2-2.11.03.9-7.9
Other goods0.4-0.30.50.3-3.2

Source: Statistics Norway

Figure 1 shows index of household consumption of goods, seasonally adjusted and unadjusted. Household consumption of goods rose by 0.4 per cent from October to November 2013.

The seasonally-adjusted figures show that consumption of electricity and heating fuels went up by 3.4 per cent from October to November. This contributed to pulling up total consumption of goods by about a quarter of a percentage point.

Purchases of other goods, such as sporting goods and recreational equipment, rose by 0.4 per cent, and contributed to pulling up total consumption of goods by nearly 0.2 percentage points.

Purchases of vehicles and petrol showed a small increase, while consumption of food and beverages was slightly down. However, these consumption groups contributed little to the overall development in total consumption of goods.

Without adjusting for calendar effects and seasonality, household consumption of goods in November 2013 was 0.3 per cent higher than in November 2012.

Revisions Open and readClose

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.

The index of retail sales and the Quarterly National AccountsOpen 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 (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.