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90645
Decrease in consumption of goods
statistikk
2012-11-30T10:00:00.000Z
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, October 2012

Content

Published:

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Decrease in consumption of goods

Seasonally-adjusted figures show that household consumption of goods decreased by 1.1 per cent from September to October. The majority of consumption aggregates experienced a weak decline.

Household consumption of food and beverages was approximately unchanged from September to October after a growth in the two preceding months.

Index of household consumption of goods, seasonally adjusted. 2005=100

Electricity and heating fuels showed a weak decrease by 0.3 per cent from September to October, after an increase the month before. Purchases of vehicles and engine fuels, and consumption of goods such as clothes and leisure equipment pulled the index down. Clothes and shoes made the biggest contribution to the decrease.

Without adjusting for seasonal variations, the total household consumption of goods was 4.3 per cent higher in October 2012 than in October 2011.

Index of household consumption of goods, October 2012. Seasonally adjusted and unadjusted volume indices. September 2011-October 2012. 2005=1001
Period Sesonally adjusted Change from
previous month.
Per cent 		Unadjusted Change from
the same month
last year.
Per cent
2012        
October  121.5 -1.1  123.3 4.3
September  122.9 1.0  117.0 -0.3
August  121.6 0.1  125.9 1.6
July  121.4 0.0  121.2 2.3
June  121.4 -1.3  128.0 4.5
May  123.0 1.1  123.3 2.5
April  121.7 1.4  109.9 -3.2
March  119.9 -0.5  123.4 4.7
February  120.5 0.8  111.3 4.9
January  119.5 -0.1  116.6 4.2
         
2011        
December  119.6 0.1  155.6 0.5
November  119.5 -0.5  124.2 -0.7
October  120.1 0.7  118.2 0.5
September  119.3 -0.7  117.4 3.4
1  Please note that the indices have been revised.

Comparability to the index of retail sales

The index of household consumption of goods describes the development in household consumption of goods. For goods sold in the retailing industry, the index of retail sales is the main source. The index of household consumption of goods also includes purchases of cars (initial registration) and consumption of electricity and heating fuels.

Connection to quarterly national accounts

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.

Revisions

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.

The national accounts have recently carried out a revision of the time series . The index of household consumption of goods, which uses the same methods and definitions as the consumption calculations in the quarterly national accounts, is affected by this revision.

Seasonally-adjusted figures

As regards the seasonally-adjusted figures, the figures for previous periods may be revised when a new month is added to the series. For further information, see About seasonal adjustments in the left margin.