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Household consumption of goods slightly up
statistikk
2015-01-30T10:00:00.000Z
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, December 2014

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Household consumption of goods slightly up

Household consumption of goods rose by 0.1 per cent from November to December 2014, according to seasonally-adjusted figures. Although the growth was somewhat dampened, total consumption grew throughout the fourth quarter.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 30 January 2015
December 2014November 2014October 2014September 2014August 2014
Of all goods0.10.80.4-1.01.7
Food, beverages and tobacco1.4-0.7-0.11.6-1.2
Electricity and heating fuels1.51.6-2.3-1.93.8
Purchases of vehicles and petrol0.11.70.7-3.34.0
Other goods-1.01.51.1-1.72.5

Source: Statistics Norway

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

Consumption of food and beverages was up 1.4 per cent, and contributed to pulling up total consumption by nearly half a percentage point. Other goods were down one per cent, and contributed to pulling down total consumption by about 0.4 percentage points.

Household consumption of goods grew throughout the fourth quarter, and the level was 0.8 per cent higher in the fourth quarter of 2014 than in the third.

Without adjusting for calendar effects and seasonality, household consumption of goods was 5.1 per cent higher in December 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.