This is an archived release.
Electricity pulled down household consumption of goods
Household consumption of goods was down 0.9 per cent from July to August 2015, according to seasonally-adjusted figures. Consumption of electricity and heating fuels made a negative contribution, as did consumption of clothing and footwear.
|August 2015||July 2015||June 2015||May 2015||April 2015|
|Of all goods||-0.9||-0.2||1.3||-2.1||1.4|
|Food, beverages and tobacco||1.7||-0.3||1.0||-3.4||2.2|
|Electricity and heating fuels||-9.3||-5.6||4.9||8.4||-2.7|
|Purchases of vehicles and petrol||2.3||-1.6||1.3||-0.5||-0.2|
Consumption of electricity and heating fuels was down 9.3 per cent, which contributed to pulling down total household consumption by almost 0.7 percentage points. Consumption of other goods was down 2.9 per cent.
Consumption of food and beverages, as well as purchases of vehicles and petrol, went up. Purchases of vehicles and petrol were clearly higher in August than at the beginning of 2015.
Without adjusting for calendar effects and seasonality, household consumption of goods was unchanged in August 2015 compared to 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.