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3304
Continued increase in commodity consumption
statistikk
2007-01-30T10:00:00.000Z
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, December 2006

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Continued increase in commodity consumption

The seasonal adjusted index of commodity consumption rose by 0.7 per cent from November to December 2006, fuelled by a strong increase in vehicle purchases.

Purchases of new vehicles by households rose by almost 11 per cent in December. This is related to the increase in excise duties on vehicles from January 2007.

According to seasonal adjusted figures, consumption of food and beverages increased slightly from November to December. Mild weather in December, on the other hand, resulted in a 5 per cent decrease in consumption of electricity and other forms of energy. A slight decrease was also recorded in purchases of other groups such as clothes, shoes and furniture.

The index of commodity consumption was 3.6 2 per cent higher in December last year than in December 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 has a wider choice of commodities. The calculation of the index of commodity consumption is based on information from the index of retail sales plus purchases 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 to timeliness in the 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.

Index of commodity consumption, December 2006.
Seasonally adjusted and unadjusted volume index.
December 2005-December 2006. 1995=100 1 (Corrected 30.01.2007 10:22 a.m.)
Period Seasonally
adjusted 		Change from
previous month.
Per cent 		Unadjusted Change from
same month last year.
Per cent
2005        
December  139.6 1.0  184.5 0.3
2006        
January  140.8 0.9  132.4 6.1
February  140.5 -0.2  121.3 1.8
March  142.1 1.2  140.9 7.9
April  141.1 -0.7  128.9 -3.3
May  144.3 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  145.9 0.4  148.6 5.6
December  146.9 0.7  191.2 3.6
1 Please note that the indices have been revised.
2 Corrected 30.01.2007 11:02 a.m