This is an archived release.
Significant increase in household consumption of goods
Household consumption of goods rose by 1.3 per cent from February to March 2014. The purchases of vehicles and petrol were mainly responsible for pulling up the consumption of goods.
|March 2014||February 2014||January 2014||December 2013||November 2013|
|Of all goods||1.3||-0.1||0.4||-0.1||0.2|
|Food, beverages and tobacco||0.5||0.0||-0.3||1.2||-0.6|
|Electricity and heating fuels||1.5||-9.3||1.9||-1.8||2.6|
|Purchases of vehicles and petrol||5.4||0.2||1.7||-1.1||0.3|
The seasonally-adjusted figures show that purchases of vehicles and petrol went up by 5.4 per cent from February to March, pulling up households’ consumption of goods by nearly 0.9 percentage points.
The other consumer groups also had an increase in seasonally-adjusted figures from February to March. Consumption of other goods and consumption of food and beverages went up by 0.5 per cent from February to March. Consumption of electricity and heating fuels showed a small increase in March after a strong decrease in the preceding month.
Without adjusting for calendar effects and seasonality, household consumption of goods was 0.2 per cent lower in March 2014 than in the same month the year before.
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.