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95674
Weak fall in household consumption of goods
statistikk
2014-01-31T10:00:00.000Z
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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Household consumption of goods rose 0.2 per cent from November to December 2013.

Index of household consumption of goods, December 2013

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Weak fall in household consumption of goods

Household consumption of goods fell 0.2 per cent from November to December 2013. It was mainly consumption of electricity and fuel that pulled down the consumption of goods.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 31 January 2014
December 2013November 2013October 2013September 2013August 2013
Of all goods-0.20.4-0.40.40.8
Food, beverages and tobacco1.0-0.30.20.5-0.3
Electricity and heating fuels-3.23.30.1-1.61.1
Purchases of vehicles and petrol-1.40.2-2.21.03.9
Other goods-0.10.4-0.30.50.4

Source: Statistics Norway

Household consumption of goods rose 0.4 per cent from October to November 2013

The seasonally-adjusted figures show that consumption of electricity and heating fuels went down by 3.2 per cent. Purchases of vehicles and petrol also had a decline from November to December. These two consumption groups contributed to pulling down the total consumption of goods by 0.5 percentage points.

Purchases of other goods, such as sporting goods and leisure equipment, stayed at the same level as in the month before, while the consumption of food and beverages went up by 1.0 per cent.

Without adjusting for calendar effects and seasonality, household consumption of goods in December 2013 was 0.2 per cent lower than in December 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.