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Moderate increase in household consumption of goods
statistikk
2014-05-28T10:00:00.000Z
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
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Index of household consumption of goods, April 2014

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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.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 28 May 2014
April 2014March 2014February 2014January 2014December 2013
Of all goods0.50.8-0.10.5-0.2
Food, beverages and tobacco0.70.40.10.11.2
Electricity and heating fuels3.10.1-8.01.3-2.6
Purchases of vehicles and petrol-1.12.8-0.71.5-1.3
Other goods0.50.51.50.3-0.4

Source: Statistics Norway

Figure 1. Index of household consumption of goods, seasonally adjusted and unadjusted. 2005=100

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 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.