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143693
Decrease in household consumption of goods
statistikk
2014-06-30T10:00:00.000Z
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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Index of household consumption of goods, May 2014

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Decrease in household consumption of goods

Household consumption of goods went down 0.4 per cent from April to May 2014, according to seasonally-adjusted figures. All consumption groups were down, except consumption of electricity and heating fuels.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 30 June 2014
May 2014April 2014March 2014February 2014January 2014
Of all goods-0.40.00.90.20.5
Food, beverages and tobacco-0.60.40.40.00.0
Electricity and heating fuels3.33.20.1-7.71.3
Purchases of vehicles and petrol-0.6-3.53.70.42.3
Other goods-0.70.40.41.70.1

Source: Statistics Norway

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

Consumption of food and beverages and other goods went down, and contributed to pulling down total consumption by 0.2 and 0.3 percentage points respectively. Purchases of vehicles and petrol also went down.

Consumption of electricity and heating fuels, on the other hand, was up and contributed to pulling up total household consumption by just over 0.2 per cent.

Without adjusting for calendar effects and seasonality, household consumption of goods was 1.3 per cent higher in May 2014 than in the same month the year before.

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.

Revisions Open and readClose

The National Accounts have recently carried out a revision of the time series (Quarterly National Accounts), but the index of household consumption of goods is only marginally effected by the revision. The index of household consumption of goods, which uses the same methods and definitions as household final consumption expenditure in the Quarterly National Accounts, is affected by this revision.