This is an archived release.
Growth in household consumption of goods
Household consumption of goods increased 0.9 per cent in January 2016, according to seasonally adjusted figures. The increase followed a decrease in December, and the level of the household consumption of goods is still lower than in November.
|January 2016||December 2015||November 2015||October 2015||September 2015|
|Of all goods||0.9||-1.5||1.0||0.6||-0.7|
|Food, beverages and tobacco||1.1||0.4||-0.4||0.9||-0.8|
|Electricity and heating fuels||2.1||-1.0||0.3||-1.6||0.8|
|Purchases of vehicles and petrol||-0.4||0.6||0.6||-0.4||-1.9|
It was the consumption of other goods, for instance clothing, shoes and sporting equipment, that contributed the most to the growth. These goods had a strong growth in November, and a corresponding decline in December, and this has to be seen in connection with “Black Friday”.
There was also an increase in the consumption of food and beverages, as it has been for a while. The increase from December was 1.1 per cent, and this contributed to pulling up the consumption of goods by 0.4 percentage points.
The consumption of electricity and heating fuels went up by 2 per cent, while purchases of vehicles and petrol fell 0.4 per cent in January.
Without adjusting for calendar effects and seasonality, household consumption of goods was 2.2 per cent lower in January 2016 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.