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239008
Decline in household consumption of goods
statistikk
2016-03-31T10:00:00.000Z
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 decreased 0.7 per cent in February 2016, according to seasonally-adjusted figures.

Index of household consumption of goods, February 2016

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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.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 31 March 2016
February 2016January 2016December 2015November 2015October 2015
Of all goods-0.71.6-1.70.90.6
Food, beverages and tobacco0.00.90.3-0.40.9
Electricity and heating fuels-5.113.1-2.4-0.6-0.7
Purchases of vehicles and petrol-0.7-0.50.60.5-0.5
Other goods-0.41.1-4.02.41.1

Source: Statistics Norway

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

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 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.