Norway's retail trade dropped 0.3 percent from a month earlier in February 2021, following a 0.1 percent fall in the previous month. It was the third straight month of decrease in retail trade, mainly due to lower sales in grocery stores. Other branches such as sporting equipment also contributed to the decline. Clothing stores however experienced an increase in the seasonally adjusted volume and thus dampened the overall decline in the index. Online shopping also increased their sales volume in February. On a yearly basis, retail trade rose 6.1 percent in February, after an 8.2 percent rise in January. source: Statistics Norway
Retail Sales MoM in Norway averaged 0.16 percent from 1979 until 2021, reaching an all time high of 15.40 percent in January of 1989 and a record low of -9 percent in February of 1987. This page provides - Norway Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales MoM 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 Retail Sales MoM in Norway to stand at 0.60 in 12 months time. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.