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Total consumption of goods increased some
statistikk
2009-03-30T10:00:00.000Z
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, February 2009

Content

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Total consumption of goods increased some

According to seasonally-adjusted figures, household consumption of goods increased by 0.8 per cent from January to February 2009. The index excluding consumption of electricity and cars was almost unchanged for the same period.

According to seasonally-adjusted figures, in February 2009 there was an increase of 5.6 per cent of purchases of vehicles and petrol compared with January 2009. The other group of goods with an increased consumption from January to February this year was electricity and heating fuels. Here the index showed a 3.7 per cent growth.

Households’ consumption of food, beverages and tobacco showed a decrease of 0.6 per cent compared with the previous month. All the components in this group of goods contributed towards pulling the index down.

Consumption of the goods in the group “other goods” remained almost unchanged. There was a continued increase in the consumption of leisure equipment and similar, whereas the consumption of clothes and other personal goods was lower than in January.

The unadjusted volume index shows that the households’ consumption of goods was 8 per cent lower in February 2009, compared with the same month in the previous year. Only the group of goods “electricity and heating fuels” was higher in February 2009 than in February 2008.

Method differs from the index of retail sales

The index of household consumption of goods describes the development in household consumption, while the index of retail sales measures the development in retail sales. Compared to the index of retail sales, the index of household consumption of goods has a wider selection of goods. The calculation of the index of household consumption of goods is based on information from the index of retail sales, plus purchases of cars (initial registration) and consumption of electricity and heating fuels. This may result in deviations in the development of the two indices. Additionally, it should be borne in mind that the “Standard Industrial Classification” changed on 1 January 2009, which inter alia means that petrol stations from then onwards are a part of retail sales.

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 consumption in the quarterly national accounts.

Since Statistics Norway gives a high priority to timeliness in the release of statistics, the index of household consumption of goods may have to rely on preliminary estimates in some cases. This means that such estimates will be replaced in subsequent releases. As regards the seasonally-adjusted figures, the figures for previous periods may be revised when a new observation is added to the series of raw data.

Index of household consumption of goods, February 2009. Seasonally adjusted and unadjusted volume indices. February 2008-February 2009. 1995=1001
Period Seasonally
adjusted 		Change from previous
month. Per cent 		Unadjusted Change from the same
month last year. Per cent
2008        
February  150.4 0.6  136.7 7.7
March  151.2 0.6  140.4 -5.1
April  150.0 -0.8  146.4 11.8
May  151.5 1.0  149.8 2.7
June  149.4 -1.4  152.3 -3.6
July  147.3 -1.4  150.6 1.1
August  147.0 -0.2  147.5 -3.9
September  147.1 0.1  141.7 0.1
October  145.1 -1.3  145.3 -3.5
November  145.3 0.1  144.3 -7.3
December  146.9 1.0  190.5 -0.1
         
2009        
January  143.8 -2.1  137.4 -3.3
February  145.0 0.8  125.9 -8.0
1  Please note that the indices have been revised.