Household consumption of goods in Norway dropped 1.8 percent month-over-month in July 2019, following an upwardly revised 1.4 percent rise in the previous month. It was the steepest decline in household spending since January last year, as purchases of vehicles and petrol tumbled (-13.6 percent vs 7.4 percent in June). Meanwhile, purchases rose faster for both electricity and heating fuels (2.6 percent vs 0.5 percent) and other goods (0.5 percent vs 0.1 percent). Also, purchases of food, beverages and tobacco rose by 1 percent after being unchanged in June. Household Spending in Norway averaged 0.21 percent from 1979 until 2019, 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.

Household Spending in Norway is expected to be -0.40 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 0.40 in 12 months time. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.50 percent in 2020, according to our econometric models.

Norway Household Consumption MoM
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-29 06:00 AM Household Consumption MoM Apr -1.2% 2.2% -0.8%
2019-06-27 06:00 AM Household Consumption MoM May -0.3% -1.4% 0.6%
2019-07-30 06:00 AM Household Consumption MoM Jun 1.1% -0.3% 0.5%
2019-08-30 06:00 AM Household Consumption MoM Jul -1.8% 1.4% 0.4%
2019-09-30 06:00 AM Household Consumption MoM Aug -1.8% 0.7%
2019-10-30 07:00 AM Household Consumption MoM Sep -0.4%
2019-11-29 07:00 AM Household Consumption MoM Oct


Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence 17.10 13.90 34.90 -17.40 Index Points [+]
Retail Sales MoM 0.80 -0.30 15.40 -9.00 percent [+]
Retail Sales YoY 0.90 0.40 8.70 -4.00 percent [+]
Consumer Spending 382040.00 380669.00 382040.00 125359.00 NOK Million [+]
Disposable Personal Income 275606.00 289907.00 300687.00 172022.00 NOK Million [+]
Personal Savings 7.00 6.40 13.00 -2.00 percent [+]
Consumer Credit 3554659.00 3550331.00 3554659.00 448169.00 NOK Million [+]
Household Spending -1.80 1.40 16.10 -10.90 percent [+]
Households Debt To GDP 99.90 100.60 101.60 40.40 percent of GDP [+]
Households Debt To Income 202.03 197.54 202.03 118.51 percent [+]
Gasoline Prices 1.84 1.87 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 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. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 1.40 16.10 -10.90 1979 - 2019 percent Monthly
SA




Country Last Previous
Japan 0.80 Jul/19


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