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3334
Consumption of goods down
statistikk
2005-11-29T10:00:00.000Z
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, October 2005

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Consumption of goods down

The consumption of goods decreased by 1.4 per cent from September to October 2005, according to the seasonally adjusted volume index of commodity consumption.

Seasonally adjusted figures show a 0.9 per cent decrease in the consumption of food, beverages and tobacco from September to October this year. In the same period the consumption of electricity and heating fuels decreased by 11.6 per cent, while purchases of vehicles and petrol decreased by 1.4 per cent. The consumption of other goods was 0.2 per cent lower in October than in September.

The unadjusted volume index of commodity consumption increased by 0.5 per cent from October 2004 to October 2005.

Method differs from the index of retail sale

The index of commodity consumption describes the development in household consumption of goods, while the index of retail sales measures the development in retail sales. As opposed to the index of retail sales, the index of commodity consumption includes goods that are not sold in retail trade. Thus, the calculation of the index of commodity consumption is based on information from the index of retail sales in addition to information on purchases of cars, sales of petrol and oil to petrol stations and the consumption of electricity unadjusted for changes in temperature. This may result in deviations in the development of the two indices.

The index of commodity consumption uses the same definitions and methods of compilation as the quarterly national accounts, and thus serves as an indicator of household consumption of goods in the quarterly national accounts.

Timeliness is important in the release of statistics, and the index of commodity consumption may therefore have to rely on preliminary estimates in some cases. Such estimates are replaced in the subsequent release. This applies, inter alia, to figures on electricity consumption, where short-term statistics from the Norwegian Water Resources and Energy Directorate (NVE) are used. Later on these short-term statistics are replaced by electricity statistics from Statistics Norway. This implies that the index of commodity consumption normally will be revised in the subsequent publishing.

Index of commodity consumption, October 2005. Sesonally adjusted and
unadjusted volume index. October 2004-October 2005. 1995=1001
Period      Seasonally adjusted      Change from previous
month. Per cent 		        Unadjusted      Change from
     same month last
year. Per cent
2004        
October  137.2 -0.2  135.7 -0.5
November  139.0 1.3  141.1 6.7
December  144.4 3.9  189.1 8.0
       
2005        
January  135.5 -6.2  127.2 -3.0
February  139.8 3.2  120.4 2.3
March  135.6 -3.0  131.7 -2.7
April  143.7 6.0  135.7 6.0
May  140.1 -2.5  133.7 4.3
June  141.8 1.2  146.3 2.6
July  142.5 0.5  142.4 3.2
August  142.7 0.2  145.1 6.0
September  141.4 -0.9  136.5 3.0
October  139.5 -1.4  136.3 0.5
1  Please note that the indices have been revised.