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Growth in household consumption of goods
statistikk
2016-11-28T08:00:00.000Z
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, October 2016

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Growth in household consumption of goods

Household consumption of goods went up 0.6 per cent from September to October, according to seasonally adjusted figures.

Index of household consumption of goods. Main table. Percentage volume change from the previous month. Seasonally adjusted. 2005=100Published 28 November 2016
October 2016September 2016August 2016July 2016June 2016
Of all goods0.6-0.50.5-0.8-0.4
Food, beverages and tobacco-0.50.50.4-1.6-1.4
Electricity and heating fuels3.4-3.73.23.02.4
Purchases of vehicles and petrol-0.70.60.7-1.2-0.7
Other goods1.7-1.30.1-0.50.1

Source: Statistics Norway

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

The consumption of other goods, such as clothes and sporting equipment, rose 1.6 per cent in October. This pulled up the consumption of goods by 0.7 percentage points. There was also an increase in the consumption of electricity and heating fuels.

Meanwhile there was a decrease in both the consumption of food and beverages and purchases of vehicles and petrol from September to October.

Without adjusting for calendar effects and seasonality, household consumption of goods was 3.7 per cent lower in October 2016 than in 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.