Household consumption of goods in Norway dropped by 1.8 percent month-over-month in August 2021, shifting from a downwardly revised 1.1 percent gain a month earlier. Spending on food, beverages, and tobacco fell by 5.4 percent, compared with a 4.1 percent rise in July. Also, consumption of other goods fell at a steeper rate (-1.7 percent vs -1.2 percent). At the same time, spending on electricity and heating fuels eased (2 percent vs 2.4 percent). Meanwhile, purchases of vehicles and petrol picked up strongly(3.6 percent vs 0.4 percent). 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 October of 2021.
Household Spending in Norway is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.70 percent in 2022 and 0.50 percent in 2023, according to our econometric models.