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.

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Norway Household Consumption MoM

Actual Previous Highest Lowest Dates Unit Frequency
3.90 -5.40 16.10 -10.90 1979 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-28 06:00 AM Jun 5.3% 4.0% -1%
2020-08-27 06:00 AM Jul 1.6% 4.8% -2.8%
2020-09-28 06:00 AM Aug -3.8% 2.0% -1%
2020-11-17 07:00 AM Sep 3.9% -5.4% 1.9%
2020-11-27 07:00 AM Oct 3.9% 1%
2020-12-28 07:00 AM Nov
2021-01-29 07:00 AM Dec
2021-02-26 07:00 AM Jan


News Stream
Norway Household Consumption Rebounds
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).
2020-11-17
Norway Household Consumption Drops for 1st Time in 5 Months
Household consumption of goods in Norway fell 3.8 percent month-over-month in August 2020, after an upwardly revised 2.0 percent gain in the previous month. It was the first decline in consumption since March, due to a drop in spending on food, beverages and tobacco (-2.9 percent vs 2.2 percent in July), electricity and heating fuels (-5.4 percent vs 9.1 percent) and other goods (-5.8 percent vs 0.1 percent). In addition, purchases of vehicles and petrol rose at slower pace (0.6 percent vs 4.3 percent).
2020-09-28
Norway Consumption Rises for 4th Month
Household consumption of goods in Norway increased 1.6 percent month-over-month in July 2020, after a downwardly revised 4.8 percent rise in the previous month. It was the fourth consecutive month of growth in consumption of goods but the smallest in the current sequence, due to a softer rise in spending on food, beverages and tobacco (1.9 percent vs 4.2 percent in June), purchases of vehicles and petrol (4.3 percent vs 8.7 percent) and other goods (0.2 percent vs 6.0 percent). Meantime, spending on electricity and heating rebounded sharply (3.7 percent vs -6.6 percent).
2020-08-27
Norway Household Spending Rises the Most Since 2003
Household consumption of goods in Norway increased 5.3 percent month-over-month in June 2020, the third consecutive month of growth. It was also the largest rise in consumption of goods since April 2003, due to a shift away from spending on services, combined with the effects of closed border. There were increases in spending on food, beverages and tobacco (4.3 percent vs 1.7 percent in May), purchases of vehicles and petrol (11.0 percent vs 3.2 percent) and other goods (6.3 percent vs 5.8 percent). Conversely, spending on electricity and heating fuels fell 6.5 percent, compared to a 5.6 percent growth in May.
2020-07-28

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.