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230470
Upswing in household consumption of goods
statistikk
2015-07-30T10:00:00.000Z
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
false
The statistic presents households’ consumption of goods. Household consumption of goods increased 1.3 per cent from May to June 2015, according to seasonally-adjusted figures.

Index of household consumption of goods, June 2015

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Upswing in household consumption of goods

Household consumption of goods increased 1.3 per cent from May to June 2015, according to seasonally-adjusted figures. The upturn followed a marked downturn in May. From the 1st to the 2nd quarter the household consumption of goods increased 1.1 per cent.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 30 July 2015
June 2015May 2015April 2015March 2015February 2015
Of all goods1.3-2.11.50.40.8
Food, beverages and tobacco0.8-3.22.2-0.2-0.6
Electricity and heating fuels2.08.0-2.80.42.4
Purchases of vehicles and petrol2.6-0.50.32.40.3
Other goods1.0-3.52.10.02.0

Source: Statistics Norway

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

The rise in the consumption of goods was spearheaded by households’ purchases of vehicles and petrol, which increased 2.6 per cent in June. This contributed to pulling up total consumption by 0.5 percentage points.

Otherwise there was an increase in most areas. Consumption of food and beverages rose 0.8 per cent, while the energy consumption and the consumption of other goods, including clothing and shoes, increased by 2.0 and 1.0 per cent respectively.

Without adjusting for calendar effects and seasonality, household consumption of goods was 5.6 per cent higher in June 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.