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95666
Lower household consumption of goods
statistikk
2013-12-03T10:00:00.000Z
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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Seasonally-adjusted figures show that household consumption of goods fell by 0.5 per cent from September to October 2013

Index of household consumption of goods, October 2013

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Lower household consumption of goods

Household consumption of goods fell by 0.5 per cent from September to October, according to calendar and seasonally-adjusted volume figures. It was mainly the drop in purchases of vehicles and petrol that contributed to the fall in goods consumption in October.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 3 December 2013
October 2013September 2013August 2013July 2013June 2013
Of all goods-0.50.50.6-2.40.4
Food, beverages and tobacco0.30.5-0.20.5-0.7
Electricity and heating fuels-2.1-0.1-0.52.1-3.1
Purchases of vehicles and petrol-2.11.03.9-7.94.2
Other goods-0.30.50.3-3.30.4

Source: Statistics Norway

Figure 1. Household conumsption of goods fell by 0.5 per cent from September to October

Purchases of vehicles and petrol were down 2.1 per cent from September to October, which accounted for -0.3 percentage points in the growth in total household consumption.

Consumption of electricity and heating fuels was also down 2.1 per cent. Consumption of food and beverages rose by 0.3 per cent.

Consumption of other goods , such as furniture, household appliances and sporting goods, was slightly lower in October than in September.

Without adjusting for calendar effects and seasonality, household consumption of goods in October 2013 was 1 per cent higher than in October 2012.

The index of retail sales and the Quarterly National AccountsOpen and readClose

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.

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 final consumption expenditure in the Quarterly National Accounts.

Revisions Open and readClose

The National Accounts have recently carried out a revision of the time series (Quarterly National Accounts), but the index of household consumption of goods is only marginally effected by the revision. The index of household consumption of goods, which uses the same methods and definitions as household final consumption expenditure in the Quarterly National Accounts, is affected by this revision.