Norway's consumer confidence declined to 16.4 in the third quarter of 2018 from 19.6 in the previous period. It was the weakest reading since the third quarter of 2017, as consumers' expectations towards the country's economy next year fell sharply (1.3 vs 15.7 in Q2) and those towards the country's economy last year also deteriorated (16.3 vs 22.9). In addition, consumers' assessment on their own financial conditions next year weakened (23.1 vs 24.8) and their willingness to make large purchases softened noticeably (11.4 vs 18.3). "A reported rise in interest rates and increasing turmoil in the world economy can be some of the explanation for the case," says Idar Kreutzer, CEO of Finance Norway. The country's consumer confidence hit a 24-year low of -15.2 in the first quarter of 2016, due to a plunge in crude oil prices. Consumer Confidence in Norway averaged 17.41 Index Points from 1992 until 2018, reaching an all time high of 34.90 Index Points in the first quarter of 1997 and a record low of -17.40 Index Points in the third quarter of 1992.

Norway Consumer Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-13 05:30 AM Consumer Confidence 20.30 18.30 19.1
2018-05-23 04:30 AM Consumer Confidence 19.6 20.3 15
2018-08-28 04:30 AM Consumer Confidence 16.4 19.6 19
2018-11-20 05:30 AM Consumer Confidence 16.4 17


Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence 16.40 19.60 34.90 -17.40 Index Points [+]
Retail Sales MoM -0.70 0.40 15.40 -9.00 percent [+]
Retail Sales YoY 0.70 1.10 8.90 -4.40 percent [+]
Consumer Spending 369151.00 369764.00 369764.00 122919.00 NOK Million [+]
Disposable Personal Income 300593.00 270754.00 300593.00 172022.00 NOK Million [+]
Personal Savings 6.60 7.00 13.20 -1.20 percent [+]
Consumer Credit 3416168.00 3393367.00 3416168.00 448169.00 NOK Million [+]
Household Spending -1.40 2.30 10.20 -10.90 percent [+]
Households Debt To GDP 101.60 101.50 101.60 40.40 percent of GDP [+]
Households Debt To Income 197.54 193.65 197.54 118.51 percent [+]
Gasoline Prices 1.96 1.90 2.63 1.19 USD/Liter [+]
Consumer Confidence Current Conditions 11.59 0.17 64.60 -65.10 [+]
Consumer Confidence Economic Expectations 12.42 -5.06 38.30 -52.20 [+]
Consumer Confidence Financial Expectations 25.56 21.96 30.40 -2.80 [+]
Consumer Confidence Major Purchases Expectations 13.28 11.64 48.15 -29.69 [+]


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. This page provides - Norway Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Consumer Confidence - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
16.40 19.60 34.90 -17.40 1992 - 2018 Index Points Quarterly




Country Last
Argentina 32.60 Oct/18
Australia 104.30 Nov/18
Brazil 110.60 Oct/18
Canada 55.25 Oct/18
China 118.50 Sep/18
Euro Area -2.70 Oct/18
France 95.00 Oct/18
Germany 10.60 Nov/18
India 95.00 Sep/18
Indonesia 119.20 Oct/18
Italy 116.60 Oct/18
Japan 43.00 Oct/18
Mexico 101.40 Oct/18
Netherlands 15.00 Oct/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 22.00 Jun/18
South Korea 99.50 Oct/18
Spain 93.00 Oct/18
Switzerland -6.00 Dec/18
Turkey 57.30 Oct/18
United Kingdom -10.00 Oct/18
United States 98.30 Nov/18


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