This is an archived release.
Slight fall in household consumption of goods
Household consumption of goods was down 0.3 per cent from December 2014 to January 2015, according to seasonally-adjusted figures. The decline follows three months of consecutive growth. Consumption of electricity and heating fuels was among the consumption groups that were down.
|January 2015||December 2014||November 2014||October 2014||September 2014|
|Of all goods||-0.3||0.1||0.8||0.3||-1.0|
|Food, beverages and tobacco||0.4||1.4||-0.6||-0.1||1.6|
|Electricity and heating fuels||-2.0||1.7||1.5||-2.3||-1.9|
|Purchases of vehicles and petrol||0.1||0.0||1.7||0.7||-3.4|
Consumption of electricity and heating fuels was down 2 per cent, and contributed to pulling down total consumption by just over 0.1 percentage point. Other goods were also down, and purchases of household equipment in particular contributed to the decline.
Consumption of food and beverages was up 0.4 per cent, while the development in purchases of vehicles and petrol was flat.
Without adjusting for calendar effects and seasonality, household consumption of goods was 1 per cent higher in January 2015 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.