Norway's consumer confidence indicator increased to 2.5 in the second quarter of 2021 from a revised -3.2 in the previous month and flipping back into the positive territory for the first time since the lockdown measures to contain the spread of the coronavirus. It was the strongest reading since the first quarter of 2020, amid hopes of an end to the coronavirus pandemic and the start of marked growth in the economy. The gauge measuring expectations towards the country's economy next year strengthened sharply (36.8 vs 12.5 in Q1), while the willingness to make large purchases also improved (2.6 vs 1.5). Meantime, households' views on their own finances next year weakened (19.3 vs 22.9). source: Finans Norge & Kantar TNS

Consumer Confidence in Norway averaged 16.13 points from 1992 until 2021, 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 June of 2021.

Consumer Confidence in Norway is expected to be 6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Norway to stand at 5.00 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around 1.00 points in 2022, according to our econometric models.

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Norway Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
2.50 -3.20 34.90 -17.40 1992 - 2021 points Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-13 04:30 AM Q3 -6.60 -3.40 -10
2020-11-17 05:30 AM Q4 -11.50 -10.00 -7
2021-02-09 05:30 AM Q1 -5.1 -9.2 -8.2
2021-05-25 04:30 AM Q2 2.5 -3.2 6
2021-08-13 04:30 AM Q3 2.5
2021-11-17 05:30 AM Q4


News Stream
Norway Consumer Morale Highest in 5 Quarters
Norway's consumer confidence indicator increased to 2.5 in the second quarter of 2021 from a revised -3.2 in the previous month and flipping back into the positive territory for the first time since the lockdown measures to contain the spread of the coronavirus. It was the strongest reading since the first quarter of 2020, amid hopes of an end to the coronavirus pandemic and the start of marked growth in the economy. The gauge measuring expectations towards the country's economy next year strengthened sharply (36.8 vs 12.5 in Q1), while the willingness to make large purchases also improved (2.6 vs 1.5). Meantime, households' views on their own finances next year weakened (19.3 vs 22.9).
2021-05-25
Norway Consumer Morale Improves in Q1
Norway's consumer confidence indicator increased to -5.1 in the first quarter of 2021 from a revised -9.2 in the fourth quarter 2020. It was the strongest reading since the second quarter of 2020, amid hopes the rollout of a vaccination program. The gauge measuring expectations towards the country's economy next year strengthened sharply (12.5 vs -14.6 in Q4 2020), while the willingness to make large purchases also improved sharply (1.5 vs -8). At the same time, households' views on their own finances next year strengthened (22.9 vs 21.0).
2021-02-09
Norway Consumer Morale Weakest in 4-1/2 Years
Norway's consumer confidence indicator declined to -11.5 in the fourth quarter of 2020, the lowest reading since the second quarter of 2016, amid the severe damage caused by the coronavirus pandemic. The gauge measuring expectations towards the country's economy next year fell sharply (-14.6 vs +7.8 in Q3), while the willingness to make large purchases also deteriorated (-8 vs -6). In addition, households' views on their own finances next year remained strong (21.0 vs 24.4).
2020-11-17
Norway Consumer Sentiment Weakest Since 2016
Norway's consumer confidence indicator decreased to -6.6 in the third quarter of 2020, the lowest reading since the second quarter of 2016, amid the severe damage caused by the coronavirus pandemic, with expectations toward the country's economy last year staying in the negative territory for the second straight quarter (-70.3 vs -81.0 in Q2). Also, the willingness to buy larger purchases remained negative, but much softer (-6 vs -16.5). Meanwhile, views toward household own finances last year (15.5 vs 14.3) and those over next year (24.4 vs 15.7) improved. The survey data were collected between July 27 - August 1.
2020-08-13

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.