Norway's consumer confidence indicator increased to -34.4 in the second quarter of 2023 from -36.5 in the previous period. The latest result marked the fifth consecutive quarter of a negative reading although at a moderate pace, amid inflationary pressures and rising borrowing costs. Households’ views over their own finances were less pessimistic for next year (-1.8 vs -9.2 in Q1) and last year (-21.3 vs -27.7). Meanwhile, consumers' assessment weakened over the country's economy last year (-70.3 vs -65.8) and next year (-35.6 vs -29.4). Additionally, their willingness to make large purchases crumbled (-42.6 vs -39.8). source: Finans Norge & Kantar TNS

Consumer Confidence in Norway averaged 14.08 points from 1992 until 2023, reaching an all time high of 34.90 points in the first quarter of 1997 and a record low of -36.80 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 June of 2023.

Consumer Confidence in Norway is expected to be -28.00 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 -6.00 points in 2024 and 5.00 points in 2025, according to our econometric models.

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Norway Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-02-14 07:00 AM Q1 -36.5 -36.8 -12
2023-05-23 04:45 AM Q2 -34.4 -36.5 -28
2023-08-17 04:30 AM Q3 -34.4 -10


Related Last Previous Unit Reference
Consumer Confidence -34.40 -36.50 points Jun 2023

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
-34.40 -36.50 34.90 -36.80 1992 - 2023 points Quarterly

News Stream
Norway Consumer Mood Improves in Q2
Norway's consumer confidence indicator increased to -34.4 in the second quarter of 2023 from -36.5 in the previous period. The latest result marked the fifth consecutive quarter of a negative reading although at a moderate pace, amid inflationary pressures and rising borrowing costs. Households’ views over their own finances were less pessimistic for next year (-1.8 vs -9.2 in Q1) and last year (-21.3 vs -27.7). Meanwhile, consumers' assessment weakened over the country's economy last year (-70.3 vs -65.8) and next year (-35.6 vs -29.4). Additionally, their willingness to make large purchases crumbled (-42.6 vs -39.8).
2023-05-23
Norway Consumer Morale Slightly Improves in Q1
Norway's consumer confidence indicator rose slightly to -36.5 in the first quarter of 2023 from a revised -36.8 in the previous quarter. The latest figure pointed to the fourth consecutive quarter of a negative reading, amid soaring inflation and rising interest rates. Most sub-indices decreased less: gauge measuring expectations towards the country's economy next year (-29.4 vs -39.7 in Q4 of 2022), consumer’s willingness to make large purchases (-39.8 vs -46.7), and households' views on their own finances next year (-9.2 vs -14.2) and last year (-27.7 vs -28.9). Meanwhile, consumers’ assessment over the country's economy last year was unchanged at -65.8.
2023-02-14
Norway Consumer Morale at a Record Low
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).
2022-11-15