Norway's consumer confidence indicator dropped to a record low of -38.0 in Q4 of 2022 from a revised -29.5 in Q3. The latest result marked the third straight quarter of a negative reading, as households continued to struggle with surging inflation and rising borrowing costs. Consumers' assessment deteriorated further over the country's economy last year (-65.8 vs -42.9 in Q2) and over the economy next year (-39.7 vs -33.7). Also, households' views about their finances last year were much more negative (-28.9 vs -14.3) while their expectations toward their finances next year remained weak (-14.2 vs -18.6). At the same time, consumers' intentions to make larger purchases crumbled (-46.7 vs -36.8). source: Finans Norge & Kantar TNS
Consumer Confidence in Norway averaged 14.88 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 -38.00 points in the fourth quarter of 2022. 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 January of 2023.
Consumer Confidence in Norway is expected to be -22.00 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 -8.00 points in 2023 and 2.00 points in 2024, according to our econometric models.