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214107
Pronounced increase in household consumption of goods
statistikk
2015-05-29T10:00:00.000Z
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
false
Household consumption of goods went up 1.4 per cent from March to April 2015.

Index of household consumption of goods, April 2015

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Pronounced increase in household consumption of goods

Household consumption of goods went up 1.4 per cent from March to April 2015, according to seasonally-adjusted figures. With a few exceptions, including electricity and heating fuels, most of the consumption groups had an increase.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 May 2015
April 2015March 2015February 2015January 2015December 2014
Of all goods1.40.41.0-0.40.1
Food, beverages and tobacco2.2-0.1-0.50.31.2
Electricity and heating fuels-3.60.02.2-2.51.9
Purchases of vehicles and petrol0.12.30.30.30.1
Other goods2.20.02.2-0.9-1.0

Source: Statistics Norway

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

The consumption of food and beverages rose by 2.2 per cent, pulling up total consumption by 0.7 percentage points. There was also an increase in the consumption of other goods, including clothing, shoes and sports equipment.

Purchases of vehicles and petrol remained unchanged from March to April, while the consumption of electricity and heating fuels decreased by 3.6 per cent.

Without adjusting for calendar effects and seasonality, household consumption of goods was 1.1 per cent lower in April 2015 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.

RevisionsOpen and readClose

Monthly figures for household consumption of goods are adjusted when new information is available. Normally it is only the consumption of electricity that have new information which alters the previous month. Even if year-on-year growth rates are not changed backwards in time, the seasonally-adjusted figures could be modified as a result of having received figures for a new month.