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Decline in household consumption of goods
statistikk
2015-10-28T10:00:00.000Z
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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Index of household consumption of goods, September 2015

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Decline in household consumption of goods

Household consumption of goods was down 0.6 per cent from August to September 2015, according to seasonally-adjusted figures. All consumption groups, except electricity and heating fuels, contributed to the decline.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 28 October 2015
September 2015August 2015July 2015June 2015May 2015
Of all goods-0.6-0.70.11.1-2.2
Food, beverages and tobacco-0.81.7-0.30.8-3.3
Electricity and heating fuels2.6-4.2-2.83.96.5
Purchases of vehicles and petrol-1.91.8-1.71.0-0.7
Other goods-0.5-2.91.80.9-3.5

Source: Statistics Norway

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

Purchases of vehicles and petrol were down 1.9 per cent and contributed to pulling down total household consumption by just less than 0.4 percentage points. Consumption of food and beverages went down 0.8 per cent, and consumption of other goods fell half a per cent.

Consumption of electricity and heating fuels was up 2.6 per cent, which contributed to dampening the decline in total household consumption by almost 0.2 percentage points.

Without adjusting for calendar effects and seasonality, household consumption of goods was 0.3 per cent higher in September 2015 than the same month the year before.

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.