This is an archived release.
Upswing in household consumption of goods
Household consumption of goods increased 1.3 per cent from May to June 2015, according to seasonally-adjusted figures. The upturn followed a marked downturn in May. From the 1st to the 2nd quarter the household consumption of goods increased 1.1 per cent.
|June 2015||May 2015||April 2015||March 2015||February 2015|
|Of all goods||1.3||-2.1||1.5||0.4||0.8|
|Food, beverages and tobacco||0.8||-3.2||2.2||-0.2||-0.6|
|Electricity and heating fuels||2.0||8.0||-2.8||0.4||2.4|
|Purchases of vehicles and petrol||2.6||-0.5||0.3||2.4||0.3|
The rise in the consumption of goods was spearheaded by households’ purchases of vehicles and petrol, which increased 2.6 per cent in June. This contributed to pulling up total consumption by 0.5 percentage points.
Otherwise there was an increase in most areas. Consumption of food and beverages rose 0.8 per cent, while the energy consumption and the consumption of other goods, including clothing and shoes, increased by 2.0 and 1.0 per cent respectively.
Without adjusting for calendar effects and seasonality, household consumption of goods was 5.6 per cent higher in June 2015 than in the same month the year before.
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.
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.