Household consumption of goods in Norway declined by 22.5 percent month-over-month in January of 2023, the first fall since last July and the steepest pace on record, amid intense cost pressures and rising borrowing costs. The latest result came after a marginally revised 12.7 percent growth in December, due to a tumble in purchases of vehicles and petrol (-74.4 percent vs 68.1 percent in December) and a fall in spending on electricity and heating fuels (-6.7 percent vs 16.5 percent). On the flip side, spending rose for both food, beverages, and tobacco (2.2 percent vs -0.9 percent) and other goods (1.4 percent vs- 4.8 percent). source: Statistics Norway
Household Spending MoM in Norway averaged 0.20 percent from 1979 until 2023, reaching an all time high of 16.10 percent in January of 2000 and a record low of -22.50 percent in January of 2023. This page includes a chart with historical data for Norway Household Consumption MoM. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.