Household consumption of goods in Norway rose 2.5 percent month-over-month in April of 2020, swinging from an upwardly revised 4.2 percent fall in the previous month. This was the steepest growth in personal spending since January 2017, amid loosening of coronavirus-triggered lockdown. Spending on other goods rebounded sharply (8.0 percent vs -9.2 percent in March), while those on electricity and heating fuels grew faster (2.6 percent vs 1.7 percent). In addition, purchases of vehicles and petrol fell much less (-6.8 percent vs -17.9 percent). Meanwhile, consumption of food, beverages, and tobacco declined for the first time in three months (-0.2 percent vs 8.1 percent).

Household Spending in Norway averaged 0.21 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 May of 2020. source: Statistics Norway

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 0.40 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
2.50 -4.20 16.10 -10.90 1979 - 2020 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 07:00 AM Jan -0.4% -2.4% 1.7%
2020-03-27 07:00 AM Feb 1.8% -0.3% 1.5%
2020-04-28 06:00 AM Mar -4.0% 1.9% -7.6%
2020-05-27 06:00 AM Apr 2.5% -4.2% -8.9%
2020-06-26 06:00 AM May 2.5%
2020-07-28 06:00 AM Jun 0.4%
2020-08-27 06:00 AM Jul
2020-09-28 06:00 AM Aug


News Stream
Norway Personal Spending Rebounds in April
Household consumption of goods in Norway rose 2.5 percent month-over-month in April of 2020, swinging from an upwardly revised 4.2 percent fall in the previous month. This was the steepest growth in personal spending since January 2017, amid loosening of coronavirus-triggered lockdown. Spending on other goods rebounded sharply (8.0 percent vs -9.2 percent in March), while those on electricity and heating fuels grew faster (2.6 percent vs 1.7 percent). In addition, purchases of vehicles and petrol fell much less (-6.8 percent vs -17.9 percent). Meanwhile, consumption of food, beverages, and tobacco declined for the first time in three months (-0.2 percent vs 8.1 percent).
2020-05-27
Norway Household Consumption Falls Sharply
Household consumption of goods in Norway plunged 4.0 percent month-over-month in March of 2020, after a marginally revised 1.9 percent gain in the previous month. This was the steepest fall in personal spending since December 2003, reflecting severe damage caused by the COVID-19 pandemic, with purchases of vehicles and petrol (-17.9 percent vs -0.2 percent in February) and other goods (-9.1 percent vs 2.9 percent) tumbling. At the same time, spending on electricity and heating fuels slowed sharply (3.7 percent vs 6.6 percent) while consumption of food, beverages, and tobacco surged (8.1 percent vs 0.7 percent).
2020-04-28
Norway Household Consumption Rises the Most in 11 Months
Household consumption of goods in Norway surged by 1.8 percent month-over-month in February 2020, after a downwardly revised 0.3 percent fall in January. This was the largest gain in household spending since March last year, boosted by spending on electricity and heating fuels (6.6 percent vs -10.4 percent in January), food, beverages and tobacco (0.7 percent vs -0.6 percent) and other goods (2.6 percent vs 1.6 percent). By contrast, purchases of vehicles and petrol continued to fall (-0.2 percent vs -0.1 percent).
2020-03-27
Norway Household Spending Falls For 2nd Month
Household consumption of goods in Norway dropped by 0.4 percent month-over-month in January 2020, after an upwardly revised 2.4 percent fall in December, due to lower spending on electricity and heating fuels (-10.5 percent vs -8.1 percent in December), food, beverages and tobacco (-0.6 percent vs -0.7 percent), and on vehicles and petrol (-0.1 percent vs 1.5 percent). By contrast, purchases of other goods rebounded firmly (1.3 percent vs -4.0 percent).
2020-02-27

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.