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.

Retail Sales MoM in Norway averaged 0.16 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 September of 2020. source: Statistics Norway

Retail Sales MoM in Norway is expected to be -2.60 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 0.50 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
-4.90 0.60 15.40 -9.00 1979 - 2020 percent Monthly
2015=100, SA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-26 06:00 AM May 2.8% 4.8% -8.2%
2020-07-28 06:00 AM Jun 5.7% 2.8% -1.2%
2020-08-27 06:00 AM Jul 0.6% 5.7% -1.5% -3.2%
2020-09-28 06:00 AM Aug -4.9% 0.6% -1.2%
2020-10-28 07:00 AM Sep -4.9% -2.6%
2020-11-27 07:00 AM Oct
2020-12-28 07:00 AM Nov


News Stream
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 Unexpectedly Rise in July
Norway's retail trade unexpectedly increased 0.6 percent from a month earlier in July 2020, following a 5.7 percent growth in June and missing market expectations of a 1.5 percent fall, as consumers in the last couple of months have changed their consumption pattern in the direction of spending less on services, and more on certain retail goods. This was the fourth straight month of increase in retail trade but the smallest rise in the current sequence due mainly to an increase in sales of food, beverages, etc. (4.0 percent), ICT-equipment (4.0 percent), cultural and recreation goods (7.0 percent), and automotive fuel (2.0 percent). On a yearly basis, retail trade jumped 13.8 percent, the most since the series began in 2001.
2020-08-27
Norway Retail Sales Jump for 3rd Straight Month
Norway's retail trade climbed 5.7 percent from a month earlier in June 2020, following a 2.8 percent increase in May and a 4.8 percent jump in April, suggesting that consumers in the last couple of months have changed their consumption pattern in the direction of spending less on services, and more on certain retail goods. In addition, the border closure with Sweden meant that Norwegian consumers that usually look for cheaper consumer goods outside their home country had to turn to the domestic market. Grocery stores continued the positive development they have had throughout the coronavirus pandemic and are now selling at record levels, and clothing stores also had a significant contribution to the overall growth following a sharp decline in sales in the start of the pandemic. Gas stations and shoe stores also contributed to the overall growth. Year-on-year, retail sales jumped 13.7 percent, the most on record.
2020-07-28
Norway Retail Sales Post Biggest Fall in 1-1/2 Years
Norway's retail trade dropped 2.0 percent from a month earlier in December 2019, following a 1 percent growth in November and compared to market expectations of a 0.6 percent decline. That was the steepest fall in trade since June 2018 due mainly to a fall in sales of ICT-equipment (-8.1 percent), other household equipment (-5.5 percent), culture and recreation goods (-4.8 percent), and fuel (-1.9 percent). On a yearly basis, retail trade was 0.7 percent lower in December.
2020-01-30

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.