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.