Norway's consumer confidence declined to 14.6 in the fourth quarter of 2018 from a downwardly revised 15.2 in the previous period. It was the lowest reading since the second quarter of 2017, as consumers' expectations regarding their own financial conditions next year weakened sharply (18.8 vs 23.1 in Q3) and their willingness to make large purchases softened (10.4 vs 11.4). Meantime, households' expectations towards the country's economy last year improved (18.2 vs 16.3), as well as those towards the country's economy over the next 12 months (2.9 vs 1.3). "Fear of higher interest rates and increased turmoil in the world economy can explain something of the case, " the CEO of Finance Norway Idar Kreutzer said. "The development may indicate that households have become more uncertain", he added. 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 17.36 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.

Consumer Confidence in Norway is expected to be 17.00 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 20.59 in 12 months time. In the long-term, the Norway Consumer Confidence is projected to trend around 17.00 Index Points in 2020, according to our econometric models.

Norway Consumer Confidence
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


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 14.6 15.2 17
2019-02-13 05:30 AM Consumer Confidence 14
2019-05-23 04:30 AM Consumer Confidence 14
2019-08-28 04:30 AM Consumer Confidence 20.59


Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence 14.60 15.20 34.90 -17.40 Index Points [+]
Retail Sales MoM -0.20 -0.60 15.40 -9.00 percent [+]
Retail Sales YoY 0.60 1.00 8.90 -4.40 percent [+]
Consumer Spending 369151.00 369764.00 369764.00 122919.00 NOK Million [+]
Disposable Personal Income 273354.00 299665.00 299665.00 172022.00 NOK Million [+]
Personal Savings 5.60 6.20 13.20 -1.20 percent [+]
Consumer Credit 3433510.00 3416168.00 3433510.00 448169.00 NOK Million [+]
Household Spending -0.20 -1.40 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 1.89 1.96 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
14.60 15.20 34.90 -17.40 1992 - 2018 Index Points Quarterly




Country Last Previous
Argentina 32.10 Nov/18
Australia 104.40 Dec/18
Brazil 113.60 Nov/18
Canada 57.05 Nov/18
China 119.10 Oct/18
Euro Area -3.90 Nov/18
France 92.00 Nov/18
Germany 10.40 Dec/18
India 94.00 Dec/18
Indonesia 122.70 Nov/18
Italy 114.80 Nov/18
Japan 42.90 Nov/18
Mexico 99.55 Nov/18
Netherlands 13.00 Nov/18
Russia -14.00 Sep/18
Saudi Arabia 107.00 Jun/18
South Africa 7.00 Sep/18
South Korea 96.00 Nov/18
Spain 91.40 Nov/18
Switzerland -6.00 Dec/18
Turkey 59.60 Nov/18
United Kingdom -13.00 Nov/18
United States 97.50 Dec/18


Related

Latest