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214105
Sharp decline in household consumption of goods
statistikk
2015-06-29T10:00:00.000Z
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 2 per cent from April to May 2015, according to seasonally-adjusted figures.

Index of household consumption of goods, May 2015

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Sharp decline in household consumption of goods

Household consumption of goods fell 2 per cent from April to May 2015, according to seasonally-adjusted figures. This followed a clear upturn in the three preceding months. All consumption groups, except electricity and heating fuels, declined.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 29 June 2015
May 2015April 2015March 2015February 2015January 2015
Of all goods-2.01.40.40.8-0.3
Food, beverages and tobacco-3.32.1-0.2-0.50.3
Electricity and heating fuels8.3-2.70.42.5-2.6
Purchases of vehicles and petrol-0.40.02.40.10.4
Other goods-3.42.20.02.0-0.8

Source: Statistics Norway

Figure 1. Index of household consumption of goods, seasonally adjusted and unadjusted. 2005=100

The consumption of food and beverages fell 3.3 per cent, while other goods dropped 3.4 per cent. These contributed to pulling down total consumption by 1 and 1.4 percentage points respectively. Purchases of vehicles and petrol decreased 0.4 per cent from April to May.

On the other hand, the consumption of electricity and heating fuels saw an 8.3 per cent surge, which lifted up household consumption 0.5 percentage points.

Without adjusting for calendar effects and seasonality, household consumption of goods was 0.9 per cent lower in May 2015 than in the same month the year before.

RevisionsOpen and readClose

Monthly figures for household consumption of goods are adjusted when new information is available. Normally it is only the consumption of electricity that have new information which alters the previous month. Even if year-on-year growth rates are not changed backwards in time, the seasonally-adjusted figures could be modified as a result of having received figures for a new month.

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.