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.

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Norway Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-11.50 -10.00 34.90 -17.40 1992 - 2020 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-11 06:30 AM Q1 14.5 14.8 7
2020-05-26 04:30 AM Q2 -7.60 4.7 -40
2020-08-13 04:30 AM Q3 -6.60 -3.40 -10
2020-11-17 05:30 AM Q4 -11.50 -10.00 -7
2021-02-11 06:30 AM Q1
2021-05-26 04:30 AM Q2
2021-08-13 04:30 AM Q3
2021-11-17 05:30 AM Q4


News Stream
Norway Consumer Morale Weakest in 4-1/2 Years
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).
2020-11-17
Norway Consumer Sentiment Weakest Since 2016
Norway's consumer confidence indicator decreased to -6.6 in the third quarter of 2020, the lowest reading since the second quarter of 2016, amid the severe damage caused by the coronavirus pandemic, with expectations toward the country's economy last year staying in the negative territory for the second straight quarter (-70.3 vs -81.0 in Q2). Also, the willingness to buy larger purchases remained negative, but much softer (-6 vs -16.5). Meanwhile, views toward household own finances last year (15.5 vs 14.3) and those over next year (24.4 vs 15.7) improved. The survey data were collected between July 27 - August 1.
2020-08-13
Norway Consumer Morale Weakest in 4 Years
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).
2020-05-26
Norway Consumer Morale Slightly Weaker in Q1
Norway's consumer confidence indicator fell slightly to 14.5 in the first quarter of 2020 from 14.8 in the previous month, as households were less positive about their financial situation in the coming 12 months (24.0 vs 24.6 in Q4 2019). Meanwhile, there was an improvement in expectations regarding the economy (0.8 vs -3.2) while consumers felt it was the right time for larger purchases (16.8 vs 3.5).
2020-02-11

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.