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.