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Electricity pulled down household consumption of goods
statistikk
2015-09-29T10:00:00.000Z
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
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Index of household consumption of goods, August 2015

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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.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 September 2015
August 2015July 2015June 2015May 2015April 2015
Of all goods-0.9-0.21.3-2.11.4
Food, beverages and tobacco1.7-0.31.0-3.42.2
Electricity and heating fuels-9.3-5.64.98.4-2.7
Purchases of vehicles and petrol2.3-1.61.3-0.5-0.2
Other goods-2.91.60.9-3.42.1

Source: Statistics Norway

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

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 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.