Household consumption of goods in Norway fell 1.3 percent month-over-month in January 2021, after a revised 1.6 percent drop in December, due to a decline in purchases of vehicles and petrol (-12.5 percent vs 17.5 percent in December) and spending on other goods (-1.5 percent vs -9.3 percent). On the other hand, consumption increased for food, beverages, and tobacco (2.3 percent vs -1.5 percent) and electricity and heating fuels (14.1 percent vs 1.5 percent). source: Statistics Norway
Household Spending in Norway averaged 0.23 percent from 1979 until 2021, reaching an all time high of 16.10 percent in January of 2000 and a record low of -10.90 percent in January of 1995. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2021.
Household Spending in Norway is expected to be 0.50 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 -1.20 in 12 months time. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.