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A cold January led to increased household consumption
statistikk
2010-03-01T10:00:00.000Z
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, January 2010

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A cold January led to increased household consumption

Household consumption of goods increased by 0.3 per cent in January, according to seasonally-adjusted figures. The increase was a result of strong growth in consumption of electricity and heating fuels.

Consumption of electricity and heating fuels was 10.3 per cent higher in January compared with the pervious month. This pulled the household consumption up 0.7 percentage points.

Household consumption of food, beverages and tobacco remained approximately unchanged from the previous month, with a decrease of only 0.2 per cent.

Increased consumption of petrol

There was a slight reduction in purchases of vehicles from December to January, after a strong growth in the previous month. However, increased purchases of petrol resulted in unchanged consumption of vehicles and petrol all together.

Consumption of other goods declined by 0.6 per cent in January, after an increase of approximately 1 per cent from November to December.

Without adjustments for seasonal variations, the household consumption of goods was 5.9 per cent higher in January 2010 than in January 2009.

Index of household consumption of goods, January 2010. Sesonally adjusted and unadjusted volume indices. January 2009-January 2010. 1995=1001
 
Period Sesonally adjusted Change from
previous month.
Per cent		 Unadjusted Change from
the same month
last year.
Per cent
 
2009        
January        143,5        -1,7        136,7        -3,6
February  144.9 1.0  125.0 -8.5
March  143.9 -0.6  138.1 -1.6
April  145.8 1.3  136.0 -7.2
May  148.5 1.8  144.7 -3.7
June  145.4 -2.1  151.9 -0.7
July  149.4 2.8  154.7 2.1
August  150.2 0.5  149.3 0.7
September  149.9 -0.2  145.0 2.0
October  153.6 2.5  154.0 5.8
November  151.5 -1.4  149.6 4.0
Desember  154.6 2.1  200.3 5.4
         
2010        
January  155.1 0.3  144.8 5.9
 
1  Please note that the indices have been revised.

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 sometimes has to rely on preliminary estimates, which are replaced in subsequent releases.

 

As regards the seasonally-adjusted figures, the figures for previous periods may be revised when a new month is added to the series. Read more about seasonal adjustments.

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