Decline in household consumption of goods
Household consumption of goods decreased 0.7 per cent in February 2016, according to seasonally-adjusted figures. The decrease arrives after a marked increase the previous month, and is driven by the reduction in the electricity consumption.
|February 2016||January 2016||December 2015||November 2015||October 2015|
|Of all goods||-0.7||1.6||-1.7||0.9||0.6|
|Food, beverages and tobacco||0.0||0.9||0.3||-0.4||0.9|
|Electricity and heating fuels||-5.1||13.1||-2.4||-0.6||-0.7|
|Purchases of vehicles and petrol||-0.7||-0.5||0.6||0.5||-0.5|
The seasonally-adjusted household consumption of electricity and heating fuels fell 5.1 per cent, after a pronounced increase in January. The decrease pulled down the consumption of goods by 0.4 percentage points.
The purchases of vehicles and petrol, as well as other goods, including clothing and shoes, fell 0.7 and 0.41 per cent respectively. Each consumption group pulled down household consumption of goods by more than 0.1 percentage point. The consumption of food and beverages was unchanged from January to February.
Without adjusting for calendar effects and seasonality, household consumption of goods was 3.5 per cent higher in February 2016 than in the same month the year before.
1 The figure was corrected, 31 March 2016 at 1141 am.
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.