This is an archived release.
Increase in household consumption of goods
Household consumption of goods went up 1.0 per cent from October to November, according to seasonally adjusted figures. Much of the increase was due to a marked rise in the consumption of electricity.
|November 2016||October 2016||September 2016||August 2016||July 2016|
|Of all goods||1.0||0.6||-0.5||0.5||-0.7|
|Food, beverages and tobacco||0.4||-0.5||0.5||0.4||-1.6|
|Electricity and heating fuels||5.7||3.2||-3.1||3.0||3.3|
|Purchases of vehicles and petrol||0.1||-0.8||0.9||0.7||-1.2|
The consumption of electricity and heating fuels increased 5.7 per cent in November and pulled up the consumption of goods 0.4 percentage points. The consumption of other goods, such as clothing, shoes, furniture and appliances, increased 1.0 per cent from October to November, while the consumption of food and beverages increased 0.4 per cent. In combination these two consumption groups contributed to pulling up the consumption of goods 0.6 percentage points.
Households’ purchases of vehicles and petrol were roughly unchanged from the month before.
Without adjusting for calendar effects and seasonality, household consumption of goods was 3.8 per cent higher in November 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.