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.

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Norway Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-08-17 06:30 AM Q3 -26.80 -15.3 -15
2022-11-15 05:30 AM Q4 -38 -29.5 -22
2023-02-15 05:30 AM Q1 -38 -12


Related Last Previous Unit Reference
Consumer Confidence -38.00 -29.50 points Dec 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
-38.00 -29.50 34.90 -38.00 1992 - 2022 points Quarterly

News Stream
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
Norway Consumer Morale Hits Record Low
Norway's consumer confidence indicator dropped sharply to -26.8 in the third quarter of 2022 from a downwardly revised -15.3 in the previous quarter. The latest reading remained in the negative territory for a second straight quarter and it was the weakest figure since at least 1992, amid soaring inflation and rising interest rates, due to surging energy dan food prices. All sub-indices deteriorated: the gauge measuring expectations towards the country's economy next year (-33.7 vs -28.2 in Q2), expectations towards the country's economy last year (-42.9 vs -30.6), households' views on their own finances next year (-18.6 vs -1.9), households' views on their own finances last year (-14.3 vs -4.1), and the willingness to make large purchases (-38.4 vs -32.4).
2022-08-17
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