Norway's consumer confidence declined to 13.4 in the fourth quarter of 2019 from a downwardly revised 15.0 in the previous three-month period. It was the weakest reading since the second quarter of 2017, due to concerns about a weak Norwegian krone amid trade wars and Brexit uncertainty. Households have become less optimistic about their financial situation over the past 12 months (20.5 vs 24.8) and the country's economy over the same period (6.5 vs 18.4). In addition, expectations regarding the country's outlook over the next year turned negative (-3.2 vs 2.8) while the willingness to make large purchases fell sharply (3.5 vs 24.4). On the other hand, households believe their financial situation will improve over the next 12 months (24.6 vs 22.1) after Norges Bank announced a delay in further interest rate hikes while a very low unemployment and a secure job market supported sentiment.
Consumer Confidence in Norway averaged 17.23 Index Points from 1992 until 2019, reaching an all time high of 34.90 Index Points in the first quarter of 1997 and a record low of -17.40 Index Points in the third quarter of 1992. This page provides - Norway Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Finans Norge & Kantar TNS
Consumer Confidence in Norway is expected to be 15.00 Index 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 10.50 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.