This is an archived release.
Moderate increase in household consumption of goods
Household consumption of goods rose 0.5 per cent from March to April 2014, according to seasonally-adjusted figures. Consumption of electricity and heating fuels contributed to pulling total consumption up by just over 0.2 percentage points, whereas purchases of vehicles and petrol had the opposite effect.
|April 2014||March 2014||February 2014||January 2014||December 2013|
|Of all goods||0.5||0.8||-0.1||0.5||-0.2|
|Food, beverages and tobacco||0.7||0.4||0.1||0.1||1.2|
|Electricity and heating fuels||3.1||0.1||-8.0||1.3||-2.6|
|Purchases of vehicles and petrol||-1.1||2.8||-0.7||1.5||-1.3|
Purchases of vehicles and petrol went down 1.1 per cent from March to April, contributing to pulling down total consumption by almost 0.2 per cent. The decline should be viewed in light of the development in March, when this consumption group was the main contributor to the consumption growth.
Both consumption of food and beverages and other goods went up, and each contributed to pulling up households’ total consumption by slightly more than 0.2 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 0.4 per cent higher in April 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.