This is an archived release.
Growth in household consumption of goods
Household consumption of goods grew 0.8 per cent from April to May, according to seasonally-adjusted figures. All consumption groups contributed positively, except consumption of electricity and heating fuels.
|May 2016||April 2016||March 2016||February 2016||January 2016|
|Of all goods||0.8||-0.2||-0.5||-0.5||1.4|
|Food, beverages and tobacco||2.1||0.7||-0.6||0.0||0.9|
|Electricity and heating fuels||-6.4||1.5||-3.8||-2.2||12.0|
|Purchases of vehicles and petrol||1.8||-1.1||-0.3||-0.8||-0.5|
Consumption of electricity and heating fuels fell 6.4 per cent, and dampened household consumption of goods by 0.5 percentage points. Excluding electricity and heating fuels, household consumption of goods grew 1.4 per cent.
Without adjusting for calendar effects and seasonality, household consumption of goods was 1.1 per cent higher in May 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.