This is an archived release.
Decrease in household consumption of goods
Household consumption of goods fell 1.7 per cent from November to December, according to seasonally adjusted figures.
|December 2016||November 2016||October 2016||September 2016||August 2016|
|Of all goods||-1.7||1.1||0.6||-0.5||0.5|
|Food, beverages and tobacco||-0.9||0.3||-0.6||0.4||0.4|
|Electricity and heating fuels||-10.0||7.2||3.8||-3.6||2.8|
|Purchases of vehicles and petrol||2.7||0.3||-0.7||1.0||0.8|
The consumption of electricity and heating fuels fell 10 per cent in December and pulled down household consumption of goods almost 0.8 percentage points. Consumption of food and beverages fell 0.9 per cent; other goods fell 2.9 per cent.
Households’ purchases of vehicles and petrol went up 2.7 per cent, which dampened the decrease in household consumption of goods by 0.5 percentage points.
Without adjusting for calendar effects and seasonality, household consumption of goods was 0.8 per cent lower in December 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.