Household consumption of goods in Norway dropped by 1.9 percent month-over-month in March 2021, reversing from a 0.2 percent rise in the previous month, due to a decline in purchases of other goods (-1.4 percent vs 1.0 percent in February), vehicles and petrol (-2.9 percent vs -4.1 percent), and electricity and heating fuels (-10.8 percent vs 5.0 percent), amid the lockdown measures to combat the spread of the coronavirus. Meanwhile, spending on food, beverages, and tobacco went up 0.2 percent, the same pace as in February. source: Statistics Norway

Household Spending in Norway averaged 0.23 percent from 1979 until 2021, reaching an all time high of 16.10 percent in January of 2000 and a record low of -10.90 percent in January of 1995. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Household Spending 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 Household Spending in Norway to stand at -1.20 in 12 months time. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.40 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Norway Household Consumption MoM

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 0.20 16.10 -10.90 1979 - 2021 percent Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-28 07:00 AM Dec -1.1% 2.1% -0.8%
2021-03-01 07:00 AM Jan -1.3% -1.6% -0.6%
2021-03-30 06:00 AM Feb 0.2% -2.5% 0.8%
2021-04-28 06:00 AM Mar -1.9% 0.2% 0.7%
2021-05-28 06:00 AM Apr -1.9%
2021-06-28 06:00 AM May
2021-07-28 06:00 AM Jun
2021-08-27 06:00 AM Jul


News Stream
Norway Household Spending Falls 1.9% in March
Household consumption of goods in Norway dropped by 1.9 percent month-over-month in March 2021, reversing from a 0.2 percent rise in the previous month, due to a decline in purchases of other goods (-1.4 percent vs 1.0 percent in February), vehicles and petrol (-2.9 percent vs -4.1 percent), and electricity and heating fuels (-10.8 percent vs 5.0 percent), amid the lockdown measures to combat the spread of the coronavirus. Meanwhile, spending on food, beverages, and tobacco went up 0.2 percent, the same pace as in February.
2021-04-28
Norway Household Spending Rises for 1st Time in 3 Months
Household consumption of goods in Norway rose by 0.2 percent month-over-month in February 2021, after an upwardly revised 2.5 percent fall in the previous month. It was the first increase in household spending since last November, due to a rebound in purchases of other goods (1.1 percent vs -1.6 percent in January) while spending on vehicles and petrol fell much less (-4.4 percent vs -18.1 percent). On the other hand, consumption of electricity and heating fuels continued to rise (5.8 percent vs 13.6 percent). Meanwhile, spending on food, beverages, and tobacco were flat, after increasing by 2.2 percent in January.
2021-03-30
Norway Household Consumption Falls at Softer Pace
Household consumption of goods in Norway fell 1.3 percent month-over-month in January 2021, after a revised 1.6 percent drop in December, due to a decline in purchases of vehicles and petrol (-12.5 percent vs 17.5 percent in December) and spending on other goods (-1.5 percent vs -9.3 percent). On the other hand, consumption increased for food, beverages, and tobacco (2.3 percent vs -1.5 percent) and electricity and heating fuels (14.1 percent vs 1.5 percent).
2021-03-01
Norway Household Spending Drops 1.1% YoY in December
Household consumption of goods in Norway fell 1.1 percent month-over-month in December 2020, after an upwardly revised 2.1 percent rise the previous month, with spending on other goods declining (-8.8 percent vs 6.3 percent in November). Also, consumption of food, beverages, and tobacco dropped by 1.7 percent, after a 0.3 percent growth in November. By contrast, purchases rebounded sharply for both vehicles and petrol (19.5 percent vs -2.2 percent) and electricity and heating fuels (3.0 percent vs -4.1 percent).
2021-01-28

Norway Household Consumption MoM
In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The index does not cover household consumption of goods abroad, such as cross-border shopping.