This is an archived release.
Electricity pulled down the household consumption of goods
Household consumption of goods fell by 0.2 per cent from January to February 2014. It was mainly the consumption of electricity and heating fuels that pulled down the consumption of goods.
|February 2014||January 2014||December 2013||November 2013||October 2013|
|Of all goods||-0.2||0.3||-0.2||0.2||-0.6|
|Food, beverages and tobacco||0.0||-0.4||1.1||-0.5||0.2|
|Electricity and heating fuels||-8.4||1.7||-1.7||2.7||-1.4|
|Purchases of vehicles and petrol||-0.3||1.4||-1.3||0.2||-2.2|
The seasonally-adjusted figures show that consumption of electricity and heating fuels went down by 8.4 per cent from January to February.
The consumption of other goodswent up by 1.3 per cent, and this contributed to pulling up the total consumption of goods by 0.5 percentage points. Purchases of vehicles and petrol fell by 0.3 per cent, and the consumption of food and beverages stayed at the same level as in the month before.
Without adjusting for calendar effects and seasonality, household consumption of goods was 1.3 per cent lower in January 2014 than in January 2013.
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.