This is an archived release.
Increase in household consumption of goods
Household consumption of goods rose by 0.6 per cent from September to October 2014, according to seasonally-adjusted figures. The development in purchases of cars and the consumption of electricity in the last four months has made the index of household consumption of goods very volatile.
|October 2014||September 2014||August 2014||July 2014||June 2014|
|Of all goods||0.6||-1.2||1.7||-2.0||1.4|
|Food, beverages and tobacco||-0.4||1.3||-0.9||-1.3||2.0|
|Electricity and heating fuels||-0.2||-2.6||3.9||-2.3||-2.7|
|Purchases of vehicles and petrol||1.2||-3.7||3.5||-3.8||2.5|
Purchases of vehicles and petrol contributed to pulling up the household consumption of goods by 0.2 per cent. There was no change in consumption of electricity and fuel.
Consumption of other goods, which consists of furniture and sporting equipment among other things, rose 1.2 per cent.
Consumption of food and beverages went down by 0.4 per cent, and this pulled down the household consumption of goods by 0.1 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 1.4 per cent higher in October 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.