Norway's consumer confidence indicator declined to -11.5 in the fourth quarter of 2020, the lowest reading since the second quarter of 2016, amid the severe damage caused by the coronavirus pandemic. The gauge measuring expectations towards the country's economy next year fell sharply (-14.6 vs +7.8 in Q3), while the willingness to make large purchases also deteriorated (-8 vs -6). In addition, households' views on their own finances next year remained strong (21.0 vs 24.4). source: Finans Norge & Kantar TNS
Consumer Confidence in Norway averaged 16.40 points from 1992 until 2020, reaching an all time high of 34.90 points in the first quarter of 1997 and a record low of -17.40 points in the third quarter of 1992. This page provides - Norway Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Consumer Confidence in Norway is expected to be -7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Norway to stand at 2.00 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around 5.00 points in 2021 and 1.00 points in 2022, according to our econometric models.