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Significant increase in household consumption of goods
statistikk
2014-04-30T10:00:00.000Z
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
false
Household consumption of goods rose by 1.3 per cent from February to March 2014. It was mainly the consumption of vehicles and petrol that pulled up the consumption of goods.

Index of household consumption of goods, March 2014

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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.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 30 April 2014
March 2014February 2014January 2014December 2013November 2013
Of all goods1.3-0.10.4-0.10.2
Food, beverages and tobacco0.50.0-0.31.2-0.6
Electricity and heating fuels1.5-9.31.9-1.82.6
Purchases of vehicles and petrol5.40.21.7-1.10.3
Other goods0.51.40.2-0.40.4

Source: Statistics Norway

Household consumption of goods rose by by 1.3 per cent from February to March 2014. It was mainly the consumption of vehicles and petrol that pulled up the consumption of goods.

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 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.

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.