This is an archived release.
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.
|December 2014||November 2014||October 2014||September 2014||August 2014|
|Of all goods||0.1||0.8||0.4||-1.0||1.7|
|Food, beverages and tobacco||1.4||-0.7||-0.1||1.6||-1.2|
|Electricity and heating fuels||1.5||1.6||-2.3||-1.9||3.8|
|Purchases of vehicles and petrol||0.1||1.7||0.7||-3.3||4.0|
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 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.