This is an archived release.
Weak fall in household consumption of goods
Household consumption of goods fell 0.2 per cent from November to December 2013. It was mainly consumption of electricity and fuel that pulled down the consumption of goods.
|December 2013||November 2013||October 2013||September 2013||August 2013|
|Of all goods||-0.2||0.4||-0.4||0.4||0.8|
|Food, beverages and tobacco||1.0||-0.3||0.2||0.5||-0.3|
|Electricity and heating fuels||-3.2||3.3||0.1||-1.6||1.1|
|Purchases of vehicles and petrol||-1.4||0.2||-2.2||1.0||3.9|
The seasonally-adjusted figures show that consumption of electricity and heating fuels went down by 3.2 per cent. Purchases of vehicles and petrol also had a decline from November to December. These two consumption groups contributed to pulling down the total consumption of goods by 0.5 percentage points.
Purchases of other goods, such as sporting goods and leisure equipment, stayed at the same level as in the month before, while the consumption of food and beverages went up by 1.0 per cent.
Without adjusting for calendar effects and seasonality, household consumption of goods in December 2013 was 0.2 per cent lower than in December 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.