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Electricity pulled down the household consumption of goods
statistikk
2014-03-31T10:00:00.000Z
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 fell by 0.2 per cent from January to February 2014. It was mainly the consumption of electricity and heating fuels that pulled down the consumption of goods.

Index of household consumption of goods, February 2014

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Electricity pulled down the household consumption of goods

Household consumption of goods fell by 0.2 per cent from January to February 2014. It was mainly the consumption of electricity and heating fuels 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 March 2014
February 2014January 2014December 2013November 2013October 2013
Of all goods-0.20.3-0.20.2-0.6
Food, beverages and tobacco0.0-0.41.1-0.50.2
Electricity and heating fuels-8.41.7-1.72.7-1.4
Purchases of vehicles and petrol-0.31.4-1.30.2-2.2
Other goods1.30.2-0.40.4-0.4

Source: Statistics Norway

Figure 1 shows that household consumption of goods fell by 0.2 per cent from January to February 2014. It was mainly the consumption of electricity and heating fuels that pulled down the consumption of goods.

The seasonally-adjusted figures show that consumption of electricity and heating fuels went down by 8.4 per cent from January to February.

The consumption of other goodswent up by 1.3 per cent, and this contributed to pulling up the total consumption of goods by 0.5 percentage points. Purchases of vehicles and petrol fell by 0.3 per cent, and the consumption of food and beverages stayed at the same level as in the month before.

Without adjusting for calendar effects and seasonality, household consumption of goods was 1.3 per cent lower in January 2014 than in January 2013.

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.