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.