This is an archived release.
Increase in household consumption of goods
Household consumption of goods increased 0.6 per cent from July to August, according to seasonally adjusted figures. There was a general increase in all consumption groups.
|August 2016||July 2016||June 2016||May 2016||April 2016|
|Of all goods||0.6||-0.8||-0.4||0.9||-0.1|
|Food, beverages and tobacco||0.7||-1.6||-1.5||2.1||0.5|
|Electricity and heating fuels||2.9||3.1||2.3||-6.1||2.1|
|Purchases of vehicles and petrol||0.5||-1.6||-0.7||1.2||-0.9|
There was an increase in household consumption of electricity and heating fuels by 2.9 per cent from July to August. This contributed to pulling up household consumption of goods 0.2 percentage points. Consumption of food and beverages increased 0.7 per cent following a decline the month before. The purchases of vehicles and petrol and other goods increased, and, in combination, they pulled up household consumption 0.2 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 2.1 per cent higher in August 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.