Norway's consumer confidence rose to 17.1 in the three months to September 2019 from an upwardly revised 13.9 in the previous period. This was the highest reading since the June quarter 2018, despite ongoing global trade dispute, unresolved Brexit, stock exchange and currency turmoil and increased interest rates. Consumers' willingness to make larger purchases strengthened strongly (24.4 vs 12.5 in Q2), while households' expectations towards the country's economy last year (18.4 vs 16.2) and those over the next 12 months (2.8 vs 1.0) picked up. Also, consumers' assessment regarding their own financial conditions last year improved (24.8 vs 19.5), with those of next year easing slightly(22.1 vs 23.3). Consumer Confidence in Norway averaged 17.28 Index Points from 1992 until 2019, 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.
Consumer Confidence in Norway is expected to be 10.00 Index 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 9.00 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around 7.00 Index Points in 2020, according to our econometric models.