This is an archived release.
Increase in household consumption of goods
Household consumption of goods went up 1.5 per cent from May to June 2014, according to seasonally-adjusted figures. There was an increase in all consumption groups, except consumption of electricity and heating fuels.
|June 2014||May 2014||April 2014||March 2014||February 2014|
|Of all goods||1.5||-0.1||-0.2||0.9||0.3|
|Food, beverages and tobacco||1.8||-0.3||0.5||0.4||0.1|
|Electricity and heating fuels||-1.7||3.8||3.4||0.3||-7.6|
|Purchases of vehicles and petrol||2.9||-0.2||-4.9||3.6||0.5|
Consumption of food and beverages went up 1.8 per cent, and this contributed to pulling up the consumption of goods by 0.6 percentage points. Purchases of vehicles and petrol and other goods also went up.
Consumption of electricity and heating fuels, on the other hand, went down and contributed to pulling down total household consumption by 0.1 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 0.6 per cent higher in June 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.