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.

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Norway Household Consumption MoM

Actual Previous Highest Lowest Dates Unit Frequency
-1.30 -1.60 16.10 -10.90 1979 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-27 07:00 AM Oct -1.1% 3.0% 1%
2020-12-28 07:00 AM Nov 1.5% -0.3% 0.7%
2021-01-28 07:00 AM Dec -1.1% 2.1% -0.8%
2021-03-01 07:00 AM Jan -1.3% -1.6% -0.6%
2021-03-30 07:00 AM Feb -1.3%
2021-04-28 06:00 AM Mar
2021-05-28 06:00 AM Apr
2021-06-28 06:00 AM May


News Stream
Norway Household Consumption Falls at Softer Pace
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).
2021-03-01
Norway Household Spending Drops 1.1% YoY in December
Household consumption of goods in Norway fell 1.1 percent month-over-month in December 2020, after an upwardly revised 2.1 percent rise the previous month, with spending on other goods declining (-8.8 percent vs 6.3 percent in November). Also, consumption of food, beverages, and tobacco dropped by 1.7 percent, after a 0.3 percent growth in November. By contrast, purchases rebounded sharply for both vehicles and petrol (19.5 percent vs -2.2 percent) and electricity and heating fuels (3.0 percent vs -4.1 percent).
2021-01-28
Norway Personal Spending Rises 1.5% MoM in November
Household consumption of goods in Norway rose 1.5 percent month-over-month in November 2020, after a downwardly revised 0.3 percent fall the previous month, with spending on other goods picking up (5.4 percent vs 0.9 percent in October). Meantime, purchases of vehicles and petrol (-1.5 percent vs -5.1 percent) and electricity and heating fuels (-4.5 percent vs -7.1 percent) fell at softer rates. At the same time, consumption of food, beverages, and tobacco fell by 0.5 percent, after a 2.3 percent gain in October.
2020-12-28
Norway Household Consumption Falls Again
Household consumption of goods in Norway dropped by 1.1 percent month-over-month in October 2020, after a downwardly revised 3 percent rise in the previous month. Both purchases of vehicles and petrol (-7.1 percent vs 14.9 percent in September) and electricity and heating fuels (-7 percent vs 4.9 percent) declined while spending on other goods slowed sharply (0.2 percent vs 2.1 percent). In contrast, consumption of food, beverages, and tobacco rose by 1 percent, after a 1.8 percent fall in September.
2020-11-27

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.