Norway's consumer confidence indicator was at -11.7 in the second quarter of 2022, moving into the negative territory for the first time since the first quarter 2021 from a downwardly revised 0.7 in the previous quarter. The latest figure was also the weakest reading since the second quarter of 2016, as both expectations towards the country's economy last year (-30.6 vs 5.0 in Q1) and the gauge measuring expectations towards the country's economy next year (-28.2 vs 30.3) declined sharply. At the same time, both households' views on their own finances next year (-1.9 vs 14.0) and households' views on their own finances last year (-4.1 vs 15.4) turned to negative, while the willingness to make large purchases deteriorated further (-31.2 vs -21.0). “The cost of living is affected by high inflation, and there are prospects for a further rise in interest rates,” said Idar Kreutzer, CEO of Finans Norge. source: Finans Norge & Kantar TNS

Consumer Confidence in Norway averaged 15.73 points from 1992 until 2022, reaching an all time high of 34.90 points in the first quarter of 1997 and a record low of -17.40 points in the third quarter of 1992. This page provides - Norway Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Consumer Confidence in Norway is expected to be 3.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Consumer Confidence is projected to trend around 2.00 points in 2023, according to our econometric models.

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Norway Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-02-15 05:30 AM Q1 5.5 11.0 7.1
2022-05-24 04:30 AM Q2 -11.7 0.7 3.9
2022-08-17 06:30 AM Q3 -11.7


Related Last Previous Unit Reference
Consumer Confidence -11.70 0.70 points Jun 2022

Norway Consumer Confidence
In Norway, the Finance Norway and TNS Gallup consumer confidence survey measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend.
Actual Previous Highest Lowest Dates Unit Frequency
-11.70 0.70 34.90 -17.40 1992 - 2022 points Quarterly

News Stream
Norway Consumer Morale Falls to 6-Year Low
Norway's consumer confidence indicator was at -11.7 in the second quarter of 2022, moving into the negative territory for the first time since the first quarter 2021 from a downwardly revised 0.7 in the previous quarter. The latest figure was also the weakest reading since the second quarter of 2016, as both expectations towards the country's economy last year (-30.6 vs 5.0 in Q1) and the gauge measuring expectations towards the country's economy next year (-28.2 vs 30.3) declined sharply. At the same time, both households' views on their own finances next year (-1.9 vs 14.0) and households' views on their own finances last year (-4.1 vs 15.4) turned to negative, while the willingness to make large purchases deteriorated further (-31.2 vs -21.0). “The cost of living is affected by high inflation, and there are prospects for a further rise in interest rates,” said Idar Kreutzer, CEO of Finans Norge.
2022-05-24
Norway Consumer Morale Weakest in 3 Quarters
Norway's consumer confidence indicator decreased to 5.5 in the first quarter of 2022 from a downwardly revised 11.0 in the previous quarter, pointing to the weakest reading since the second quarter of 2021. Expectations towards the country's economy last year weakened sharply into negative territory (-16.1 vs 2.5 in Q4), amid higher electricity prices. Meanwhile, the gauge measuring expectations towards the country's economy next year was remained at a high level. “ A combination of high electricity prices and to some extent also higher interest costs for those with mortgages has probably helped to dampen optimism among Norwegian households. But overall, the main indicator in this year's first survey is still in positive terrain, said Idar Kreutzer, CEO of Finans Norge.
2022-02-15
Norway Consumer Morale Strongest in Over 2 Years
Norway's consumer confidence indicator increased to 13.7 in the fourth quarter of 2021 from an upwardly revised 11.0 in the previous quarter, pointing to the strongest reading since the third quarter of 2019. Expectations towards the country's economy last year strengthened sharply (5.0 vs -17.2 in Q3), amid higher economic activity, as the country managed to keep COVID-19 under control. Meanwhile, both the gauge measuring expectations towards the country's economy next year (30.3 vs 38.7) and households' views on their own finances next year (14.0 vs 20.6) weakened. "This may be related to both interest rate increases, high electricity prices and uncertainty about how the changes in the state budget will affect households, "said Idar Kreutzer, CEO of Finans Norge. At the same time, households' views on their own finances last year deteriorated (15.4 vs 19.6) while the willingness to make large purchases weakened into negative territory (-0.8 vs 0.8).
2021-11-16