Household consumption of goods in Norway declined by 1.2 percent month-over-month in April 2019, following an upwardly revised 2.2 percent gain in the previous month. This was the first monthly drop in household spending since December last year. There were falls in purchases of vehicles and petrol (-8.0 percent vs 6.9 percent in March) and spending on electricity and heating fuels (-2.8 percent vs 2.9 percent). At the same time, consumption growth slowed markedly for other goods (0.8 percent vs 1.8 percent), while spending on food, beverages and tobacco was little-changed (0.3 percent vs 0.2 percent). Household Spending in Norway averaged 0.21 percent from 1979 until 2019, reaching an all time high of 10.20 percent in January of 2000 and a record low of -10.90 percent in January of 1995.

Household Spending in Norway is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Household Spending in Norway to stand at 0.50 in 12 months time. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.

Norway Household Consumption MoM
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 07:00 AM Household Consumption MoM 0.3% -0.3% -0.6%
2019-03-29 07:00 AM Household Consumption MoM 0.1% 0.0% -0.3%
2019-04-30 06:00 AM Household Consumption MoM 1.9% 0.2% 0.7%
2019-05-29 06:00 AM Household Consumption MoM -1.2% 2.2% -0.8%
2019-06-27 06:00 AM Household Consumption MoM -1.2% 0.6%
2019-07-30 06:00 AM Household Consumption MoM -1.2%
2019-08-30 06:00 AM Household Consumption MoM


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 Household Consumption MoM

In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The index does not cover household consumption of goods abroad, such as cross-border shopping. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 2.20 10.20 -10.90 1979 - 2019 percent Monthly
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