Norway's retail trade rose 2.9 percent from a month earlier in November 2020, the most since June, after a 1.2 percent growth in the previous month. The largest contribution to the overall growth came from stores selling electronics and E-commerce. Meanwhile, clothing and shoe stores had a reduction in sales volume this month, and dampened to the overall index. On a yearly basis, retail trade surged 13.8 percent in November, the most since July, following a 10.6 percent gain in October, as regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods. source: Statistics Norway

Retail Sales MoM in Norway averaged 0.17 percent from 1979 until 2020, 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 January of 2021.

Retail Sales MoM in Norway is expected to be 0.60 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 -1.40 in 12 months time. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.60 percent in 2021 and 0.50 percent in 2022, according to our econometric models.

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Norway Retail Sales MoM

Actual Previous Highest Lowest Dates Unit Frequency
2.90 1.20 15.40 -9.00 1979 - 2020 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-28 06:00 AM Aug -4.9% 0.6% -1.2%
2020-10-28 07:00 AM Sep 0.3% -4.8% 1% 1.4%
2020-11-27 07:00 AM Oct 1.2% 0.3% 0% -0.6%
2020-12-28 07:00 AM Nov 2.9% 1.2% 0.5%
2021-01-28 07:00 AM Dec 2.9% -1.2%
2021-03-01 07:00 AM Jan
2021-03-30 07:00 AM Feb
2021-04-28 06:00 AM Mar


News Stream
Norway Retail Sales Rise the Most in 5 Months
Norway's retail trade rose 2.9 percent from a month earlier in November 2020, the most since June, after a 1.2 percent growth in the previous month. The largest contribution to the overall growth came from stores selling electronics and E-commerce. Meanwhile, clothing and shoe stores had a reduction in sales volume this month, and dampened to the overall index. On a yearly basis, retail trade surged 13.8 percent in November, the most since July, following a 10.6 percent gain in October, as regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods.
2020-12-28
Norway October Retail Sales Unexpectedly Rise
Norway's retail trade unexpectedly increased 1.2 percent from a month earlier in October 2020, after a 0.3 percent rise in the previous month, missing market expectations of a flat reading. The largest contribution to the overall growth came from grocery shops, E-commerce and pharmacies stores. On the other hand, clothing stores, gas stations and furniture shops had a reduction in sales volume this month, and contributed negatively to the overall index. On a yearly basis, retail trade surged 10.6 percent in October, following an 8.7 percent gain in September, as regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods.
2020-11-27
Norway Retail Sales Rise Less than Expected
Norway's retail trade increased 0.3 percent from a month earlier in September 2020, rebounding from a downwardly revised 4.8 percent fall in the previous month, but below market expectations of an 1 percent growth. The largest contribution to the overall growth came from furniture shops and clothing stores. On the other hand, grocery stores had a reduction in sales volume this month, and contributed negatively to the overall index. On a yearly basis, retail trade rose 8.7 percent in September, after an 8.2 percent rise in August, as regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods.
2020-10-28
Norway Retail Sales Fall for 1st Time in 5 Months
Norway's retail trade dropped 4.9 percent from a month earlier in August 2020, the first decrease in retail trade since March. The largest contribution to the overall decline came from grocery stores, stores selling sporting equipment and furniture shops. Clothing stores and electronic stores also had a reduction in the sales volume this month. The only branch that experienced noticeable growth was pharmacies which somewhat dampened the total decline. On a yearly basis, retail trade rose 8.2 percent in August, after a 13.8 percent jump in July, as regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods.
2020-09-28

Norway Retail Sales MoM
In Norway, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Norway, Retail sales are seasonal, volatile and relatively important to the overall economy.