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239006
Growth in household consumption of goods
statistikk
2016-02-29T10:00:00.000Z
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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Household consumption of goods increased 0.9 per cent in January 2016, according to seasonally adjusted figures.

Index of household consumption of goods, January 2016

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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.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 February 2016
January 2016December 2015November 2015October 2015September 2015
Of all goods0.9-1.51.00.6-0.7
Food, beverages and tobacco1.10.4-0.40.9-0.8
Electricity and heating fuels2.1-1.00.3-1.60.8
Purchases of vehicles and petrol-0.40.60.6-0.4-1.9
Other goods1.1-3.92.41.1-0.3

Source: Statistics Norway

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

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 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.