This is an archived release.
Significant increase in household consumption of goods
Household consumption of goods rose 1.4 per cent from July to August 2014, according to seasonally-adjusted figures. All consumption groups, except food and beverages, went up. This month’s increase in household consumption follows a decrease in the previous month.
|August 2014||July 2014||June 2014||May 2014||April 2014|
|Of all goods||1.5||-1.7||1.3||-0.2||-0.2|
|Food, beverages and tobacco||-0.8||-1.0||1.7||-0.3||0.5|
|Electricity and heating fuels||4.4||-2.4||-2.4||4.3||3.0|
|Purchases of vehicles and petrol||3.4||-3.5||2.4||-0.2||-4.8|
The biggest contributions to growth came from the consumption groups clothing and footwear, as well as furniture and household equipment. In total, these consumption groups contributed to pulling up household consumption by approximately 0.7 percentage points. Purchases of vehicles and petrol went up 3.4 per cent after a similar decline in the previous month. Consumption of electricity and heating fuels went up 4.4 per cent.
Consumption of food and beverages went down 0.8 per cent, and this contributed to pulling down the consumption of goods by 0.3 percentage points. This decline follows after high seasonally-adjusted levels in the previous two months.
Without adjusting for calendar effects and seasonality, household consumption of goods was at the same level in August 2014 as in the same month the year before.