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3306
Steady increase in consumption
statistikk
2007-01-09T10:00:00.000Z
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, November 2006

Content

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Steady increase in consumption

Seasonal adjusted index of commodity consumption increased by 0.5 per cent from October to November 2006. Consumption of electricity and heating fuels had the strongest percentage increase but consumption figures of all the main groups went up steadily.

The use of electricity and heating fuels showed an increase of 0.8 per cent from October to November. While the consumption of electricity showed an increase of 1.6 per cent, the consumption of heating fuels decreased by 3.6 per cent compared to October. The level of consumption in electricity was however lower compared to its November level in 2005.

Purchase of vehicles by households went up by 1 per cent in November and contributed to the 0.6 per cent increase of the consumption group, vehicles and fuel.

Consumption of food, beverages and tobacco increased from October to November by 0.3 percent. This was due to the increase in the consumption of beverages; consumption of alcoholic beverages increased by 2.1 per cent whereas non-alcoholic beverages went up by 1.5 per cent. Purchase of foodstuff on the other hand decreased by 0.3 per cent.

Consumption of other goods went up by 0.5 per centre from October to November. Increase in the purchase of clothes, shoes, furniture and household appliances contributed mostly to this growth.

Year-to-year increase in the index of commodity consumption was 5.8 percent according to the unadjusted figures for November 2006. Increase in consumption of ’other commodities’ was the important reason of this growth and purchase of clothing and footwear, furniture and household appliances, photo and electronic appliances and leisure goods increased sharply. Consumption of foodstuff had a higher level in November 2006, compared to November 2005, but use of electricity and fuel was lower.

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 has a wider choice of commodities. Calculation of the index of commodity consumption is based on information from the index of retail sales plus purchase of cars (initial registration), sales data from petrol stations (petrol and other goods) and consumption of electricity and heating fuels. 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.

Since Statistics Norway gives high priority in timeliness of release of statistics, the index of commodity consumption may have to rely on preliminary estimates in some cases. This implies that such estimates will be replaced in the subsequent releases.

Changing the basis year to 2004 influences the series of commodity consumption index that are already published. For further information regarding the recent revisions, see own articles in Economic Survey 6/2006.

Index of commodity consumption, November 2006. Sesonally adjusted and unadjusted volume index. November 2005-November 2006. 1995=1001
Period Sesonally adjusted Change from previous month. Per cent Unadjusted Change from same month last year. Per cent
2005        
November  138.1 0.3  140.7 1.4
December  140.5 1.8  184.5 0.3
         
2006        
January  140.7 0.1  133.4 6.1
February  140.4 -0.2  121.3 1.8
March  142.1 1.2  140.9 7.9
April  141.0 -0.8  128.9 -3.3
May  144.2 2.2  141.6 7.3
June  143.6 -0.4  148.9 3.9
July  144.4 0.6  143.1 2.5
August  144.7 0.2  148.8 4.6
September  145.2 0.3  140.0 4.5
October  145.4 0.1  141.7 5.7
November  146.0 0.5  148.9 5.8
1  Please note that the indices have been revised.