This is an archived release.
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.
|November 2013||October 2013||September 2013||August 2013||July 2013|
|Of all goods||0.4||-0.5||0.5||0.6||-2.4|
|Food, beverages and tobacco||-0.2||0.1||0.5||-0.3||0.3|
|Electricity and heating fuels||3.4||-1.3||0.1||-0.4||2.2|
|Purchases of vehicles and petrol||0.2||-2.1||1.0||3.9||-7.9|
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.
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 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.