Norway's retail trade showed no growth in March 2021, after a 0.3 percent drop in the previous month. Clothing stores saw a monthly decrease in the volume sales and was the largest contribution to decline in the volume of retail sales. On the other hand grocery stores rose by 2.9 percent, contributing to an increase in the volume of retail sales and contributing to making the volume of retail sales unchanged. The pandemic and regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods. On a yearly basis, retail trade advanced 6.7 percent in March, after a 6.1 percent rise in February. source: Statistics Norway
Retail Sales MoM in Norway averaged 0.16 percent from 1979 until 2021, reaching an all time high of 15.40 percent in January of 1989 and a record low of -9 percent in February of 1987. This page provides - Norway Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Retail Sales MoM in Norway is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Norway to stand at 0.60 in 12 months time. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.