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143703
Significant decrease in household consumption of goods
statistikk
2014-10-29T10:00:00.000Z
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, September 2014

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Significant decrease in household consumption of goods

Household consumption of goods fell 1.5 per cent from August to September 2014, according to seasonally-adjusted figures. Less consumption of cars and low electricity consumption contributed to the decrease.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 October 2014
September 2014August 2014July 2014June 2014May 2014
Of all goods-1.51.7-2.21.5-0.4
Food, beverages and tobacco1.2-0.8-1.42.4-0.6
Electricity and heating fuels-5.14.8-4.2-1.94.0
Purchases of vehicles and petrol-3.73.6-3.82.50.0
Other goods-2.02.3-1.70.9-1.1

Source: Statistics Norway

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

Purchases of vehicles and petrol fell 3.7 per cent, while consumption of electricity and heating fuels went down 5.1 per cent from August to September. These two groups pulled down the household consumption of goods by approximately 1 percentage point.

Consumption of food and beverages went up 1.2 per cent, while consumption of clothes and shoes pulled down the household consumption of goods.

Without adjusting for calendar effects and seasonality, household consumption of goods was 3.0 per cent higher in September 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.