This is an archived release.
Continued growth in household consumption of goods
Household consumption of goods increased 0.8 per cent in November 2015, according to seasonally adjusted figures. The rise comes after a clear upturn the previous month.
|November 2015||October 2015||September 2015||August 2015||July 2015|
|Of all goods||0.8||0.7||-0.7||-0.6||0.0|
|Food, beverages and tobacco||-0.4||0.9||-0.8||1.7||-0.2|
|Electricity and heating fuels||-0.5||-1.1||0.2||-3.5||-4.7|
|Purchases of vehicles and petrol||0.5||-0.4||-2.0||1.8||-1.7|
The consumption of other goods, notably clothing, shoes, furniture, appliances and ICT equipment, pulled up the total household consumption of goods. The growth from the month before was 2.2 per cent. Otherwise, there was a small increase in the purchase of vehicles and petrol of 0.5 per cent.
The consumption of food and beverages fell by 0.4 per cent from October to November, after a marked increase the month before. The consumption of electricity and heating fuels went down 0.5 per cent. In combination, they pulled down household consumption of goods by 0.2 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 1.3 per cent higher in November 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.