This is an archived release.
Continued increase in household consumption of goods
Household consumption of goods rose by 0.7 per cent from October to November 2014, according to seasonally-adjusted figures. Consumption of clothes and shoes and purchases of vehicles mainly pulled up the household consumption of goods.
|November 2014||October 2014||September 2014||August 2014||July 2014|
|Of all goods||0.7||0.7||-1.1||1.6||-2.0|
|Food, beverages and tobacco||-0.7||-0.2||1.7||-1.4||-1.3|
|Electricity and heating fuels||0.5||-0.7||-2.4||4.0||-2.3|
|Purchases of vehicles and petrol||1.5||1.6||-3.8||3.6||-3.8|
Consumption of other goods, which consists of clothing and footwear, furniture and leisure equipment among other things, had a seasonally-adjusted growth of 1.5 per cent from October to November. Clothes and shoes in particular contributed to the increase. Other goods contributed to pull up the household consumption of goods by 0.6 percentage points.
Purchases of vehicles and petrol rose by 1.5 per cent for the second month in a row. This contributed to pull up the household consumption of goods by 0.3 percentage points.
Consumption of food and beverages had a seasonally-adjusted decrease of 0.7 per cent in November.
Without adjusting for calendar effects and seasonality, household consumption of goods was 0.8 per cent lower in November 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.