Norway's consumer confidence indicator plunged to -7.6 in the second quarter of 2020, the lowest reading since the second quarter of 2016, as the restriction measures imposed to contain the coronavirus pandemic forced many non-essential businesses to close and consumers to stay at home. Households were less positive about their financial situation in the coming 12 months (15.7 vs 24.0 in Q1) while there was also a deterioration in expectations regarding the economy (-15.8 vs 0.8) and the time for make large purchases (-16.5 vs 16.8).
Consumer Confidence in Norway averaged 16.89 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 June of 2020. source: Finans Norge & Kantar TNS
Consumer Confidence in Norway is expected to be -7.60 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 -7.00 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around -3.00 points in 2021 and 1.00 points in 2022, according to our econometric models.