Norway's consumer confidence indicator increased to 13.7 in the fourth quarter of 2021 from an upwardly revised 11.0 in the previous quarter, pointing to the strongest reading since the third quarter of 2019. Expectations towards the country's economy last year strengthened sharply (5.0 vs -17.2 in Q3), amid higher economic activity, as the country managed to keep COVID-19 under control. Meanwhile, both the gauge measuring expectations towards the country's economy next year (30.3 vs 38.7) and households' views on their own finances next year (14.0 vs 20.6) weakened. "This may be related to both interest rate increases, high electricity prices and uncertainty about how the changes in the state budget will affect households, "said Idar Kreutzer, CEO of Finans Norge. At the same time, households' views on their own finances last year deteriorated (15.4 vs 19.6) while the willingness to make large purchases weakened into negative territory (-0.8 vs 0.8). source: Finans Norge & Kantar TNS
Consumer Confidence in Norway averaged 16.06 points from 1992 until 2021, 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 2021.
Consumer Confidence in Norway is expected to be 12.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Consumer Confidence is projected to trend around 4.50 points in 2022 and 2.00 points in 2023, according to our econometric models.