Norway's retail trade dropped 3.8 percent from a month earlier in August 2021, following a 3.1 percent fall in the previous month. It was the third straight month of decline in retail trade and the steepest pace since last December, due mainly to lower sales in grocery stores. Gas stations and stores selling sporting equipment also contributed to the decline. Conversely, clothing stores increased, which dampened the overall decline. 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 sales fell by 2.9 percent in August, after a 4.1 percent decline in July. 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 October of 2021.

Retail Sales MoM in Norway is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.80 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Norway Retail Sales MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-06-28 06:00 AM May 5.8% 0.4% 0.5%
2021-07-28 06:00 AM Jun -0.1% 5.8% 1%
2021-08-27 06:00 AM Jul -3.1% -0.1% 0.7%
2021-09-28 06:00 AM Aug -3.8% -3.1% 2.7%
2021-10-28 06:00 AM Sep -3.8% 2.6%
2021-11-26 07:00 AM Oct
2021-12-27 07:00 AM Nov


News Stream
Norway Retail Sales Fall the Most in 8 Months
Norway's retail trade dropped 3.8 percent from a month earlier in August 2021, following a 3.1 percent fall in the previous month. It was the third straight month of decline in retail trade and the steepest pace since last December, due mainly to lower sales in grocery stores. Gas stations and stores selling sporting equipment also contributed to the decline. Conversely, clothing stores increased, which dampened the overall decline. 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 sales fell by 2.9 percent in August, after a 4.1 percent decline in July.
2021-09-28
Norway Retail Sales Fall the Most in 7 Months
Norway's retail trade dropped 3.1 percent from a month earlier in July 2021, following a 0.1 percent fall in the previous month. It was the second straight of decline in retail trade and the steepest pace since last December, due mainly to lower sales in hardware stores. E-commerce also contributed to the decline. By contrast, gas stations and clothing stores increased, which dampened the overall decline. 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 sales decreased by 4.1 percent in July, after a flat reading in June.
2021-08-27
Norway Retail Sales Fall for 1st Time in 4 Months
Norway's retail trade inched down 0.1 percent from a month earlier in June 2021, reversing from a 20-year high of 5.8 percent rise in the previous month. It was the first decline in retail trade since February, due mainly to lower sales in e-commerce. Furniture stores also contributed to the decline. By contrast, grocery stores, gas stations, clothing stores and shoe stores increased, which dampened the overall decline. 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 sales were unchanged in June, after a downwardly revised 5.5 percent rise in May.
2021-07-28
Norway Retail Sales Rise the Most Since 1991
Norway's retail trade jumped by 5.8% in May 2021, the second straight month of increase and the most since January 1991, following an upwardly revised 0.4 percent rise in the previous month, amid easing the lockdown restrictions. The largest contribution to the total growth came from clothing stores. Furniture stores, other retail sale in non-specialised stores, as well as shops selling sporting equipment and pleasure boats also grew. By contrast, grocery stores and e-commerce dropped, which dampened the overall growth somewhat. 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 5.6% in May, easing from a 2.9% rise in April.
2021-06-28

Norway Last Unit Reference Previous Highest Lowest
Retail Sales MoM -3.80 percent Aug/21 -3.10 15.40 -9.00
Retail Sales YoY -2.90 percent Aug/21 -4.10 13.80 -4.40
Consumer Spending 365860.00 NOK Million Jun/21 351903.00 390181.00 128054.00
Disposable Personal Income 368458.00 NOK Million Jun/21 363742.00 368458.00 211458.00
Personal Savings 18.90 percent Mar/21 15.00 21.10 -2.10
Household Spending -1.80 percent Aug/21 1.10 16.10 -10.90
Gasoline Prices 1.97 USD/Liter Aug/21 1.92 2.63 1.19


Norway Retail Sales MoM
In Norway, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Norway, Retail sales are seasonal, volatile and relatively important to the overall economy.