Norway's consumer confidence dropped to 12.8 in the three months to June 2019 from an upwardly revised 13.3 in the previous period. This was the weakest figure since the second quarter 2017 when the reading was at 12.5, with consumers' willingness to make larger purchases softening markedly (12.5 vs 14.1 in Q1), following an increase in the Norwegian central bank's interest rates. Meanwhile, households' expectations towards the country's economy last year surged (16.2 vs 7.1) and those over the country's economy over the next 12 months strengthened (1.0 vs 0.3). At the same time, consumers' expectations regarding their own financial conditions next year (23.3 vs 19.9) and those of last year (19.5 vs 18.1) improved. The country's consumer confidence hit a 24-year low of -15.4 in the first quarter of 2016, due to a plunge in crude oil prices. Consumer Confidence in Norway averaged 17.27 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.

Consumer Confidence in Norway is expected to be 9.00 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 7.00 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.

Norway Consumer Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-28 04:30 AM Consumer Confidence 16.4 19.6 19
2018-11-20 05:30 AM Consumer Confidence 14.6 15.2 17
2019-02-26 05:30 AM Consumer Confidence 12.70 14.20 14
2019-05-28 04:30 AM Consumer Confidence 12.8 13.3 9
2019-08-15 04:30 AM Consumer Confidence 12.8 5
2019-11-19 05:30 AM Consumer Confidence 8


Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence 12.80 13.30 34.90 -17.40 Index Points [+]
Retail Sales MoM 1.80 0.70 15.40 -9.00 percent [+]
Retail Sales YoY 1.60 0.00 8.90 -4.40 percent [+]
Consumer Spending 373833.00 371976.00 373833.00 122919.00 NOK Million [+]
Disposable Personal Income 275606.00 289907.00 300687.00 172022.00 NOK Million [+]
Personal Savings 7.00 6.40 13.00 -2.00 percent [+]
Consumer Credit 3504230.00 3489117.00 3504230.00 448169.00 NOK Million [+]
Household Spending -1.20 2.20 10.20 -10.90 percent [+]
Households Debt To GDP 99.90 100.60 101.60 40.40 percent of GDP [+]
Households Debt To Income 202.03 197.54 202.03 118.51 percent [+]
Gasoline Prices 1.83 1.78 2.63 1.19 USD/Liter [+]
Consumer Confidence Current Conditions 11.59 0.17 64.60 -65.10 [+]
Consumer Confidence Economic Expectations 12.42 -5.06 38.30 -52.20 [+]
Consumer Confidence Financial Expectations 25.56 21.96 30.40 -2.80 [+]
Consumer Confidence Major Purchases Expectations 13.28 11.64 48.15 -29.69 [+]


Norway Consumer Confidence

In Norway, the Finance Norway and TNS Gallup consumer confidence survey measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page provides - Norway Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.80 13.30 34.90 -17.40 1992 - 2019 Index Points Quarterly




Country Last Previous
Argentina 36.50 May/19
Australia 100.70 Jun/19
Brazil 48.40 Mar/19
Canada 56.76 Jun/19
China 125.30 Apr/19
Euro Area -6.50 May/19
France 99.00 May/19
Germany 10.10 Jun/19
India 105.00 Jun/19
Indonesia 128.20 May/19
Italy 111.80 May/19
Japan 39.40 May/19
Mexico 110.00 May/19
Netherlands -3.00 May/19
Russia -16.00 Mar/19
Saudi Arabia 112.00 Mar/19
South Africa 5.00 Jun/19
South Korea 97.90 May/19
Spain 96.90 May/19
Switzerland -6.00 Jun/19
Turkey 55.30 May/19
United Kingdom -10.00 May/19
United States 97.90 Jun/19


Related

Latest