Household consumption of goods in Norway rose by 3.9 percent month-over-month in September 2020, after a revised 5.4 percent fall in the previous month. There was an upturn in purchases of vehicles and petrol (18.1 percent vs -2.3 percent in August), electricity and heating fuels (4.6 percent vs -5.5 percent), and other goods (3 percent vs -8.1 percent). At the same time, spending on food, beverages, and tobacco fell at a softer pace (-1.5 percent vs -3.4 percent). source: Statistics Norway
Household Spending in Norway averaged 0.23 percent from 1979 until 2020, 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 November of 2020.
Household Spending in Norway is expected to be 0.40 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 2021 and 0.50 percent in 2022, according to our econometric models.