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.

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Norway Household Consumption MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-06-28 06:00 AM May 4.9% 0.9% 0.6%
2021-07-28 06:00 AM Jun 0.0% 5.3% 0.8%
2021-08-27 06:00 AM Jul 1.2% 0.0% 0.5%
2021-09-28 06:00 AM Aug -1.8% 1.1% 2.2%
2021-11-12 07:00 AM Sep -1.8% 0.8%
2021-11-26 07:00 AM Oct
2021-12-27 07:00 AM Nov


News Stream
Norway Personal Spending Declines
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).
2021-09-28
Norway Personal Spending Rises 1.2% MoM
Household consumption of goods in Norway rose 1.2 percent month-over-month in July 2021, compared to a flat reading a month earlier. The rise was mainly supported by a pick-up in spending on foods, beverages, and tobacco (3.8 percent vs 0.5 percent in June), and a rebound in consumption of electricity and heating fuels (2.3 percent vs -4.8 percent). Meanwhile, purchases of vehicles and petrol eased markedly (0.5 percent vs 2.3 percent), while spending on other goods fell further (-0.9 percent vs -0.4 percent).
2021-08-27
Norway Personal Spending Flat in June
Household consumption of goods in Norway was unchanged month-over-month in June 2021, after an upwardly revised 5.3 percent gain a month earlier. Both spending on foods, beverages, and tobacco (0.5 percent vs -0.4 percent in May) and purchases of vehicles and petrol (2.3 percent vs 2.4 percent) rose, while consumption of other goods slumped (-0.4 percent vs 12.2 percent) and spending on electricity and heating fuels fell much faster (-4.9 percent vs -0.1 percent).
2021-07-28
Norway Personal Spending Rises the Most in 11 Months
Household consumption of goods in Norway increased by 4.9 percent month-over-month in May 2021, accelerating from an upwardly revised 0.9 percent gain in the previous month. This was the second straight month of increase in personal spending and the steepest pace since June 2020, amid a pickup in consumption of other goods (11.6 percent vs 0.8 percent in April). In addition, spending on foods, beverages, and tobacco fell at a softer rate (-0.4 percent vs -0.9 percent). Meanwhile, purchases of vehicles and petrol rose much softer (2 percent vs 5.3 percent), while spending on electricity and heating fuels were flat (vs 1.5 percent in April).
2021-06-28

Norway Last Unit Reference Previous Highest Lowest
Retail Sales MoM -3.80 percent Aug/21 -3.10 15.40 -9.00
Retail Sales YoY -2.90 percent Aug/21 -4.10 13.80 -4.40
Consumer Spending 365860.00 NOK Million Jun/21 351903.00 390181.00 128054.00
Disposable Personal Income 368458.00 NOK Million Jun/21 363742.00 368458.00 211458.00
Personal Savings 18.90 percent Mar/21 15.00 21.10 -2.10
Household Spending -1.80 percent Aug/21 1.10 16.10 -10.90
Gasoline Prices 1.97 USD/Liter Aug/21 1.92 2.63 1.19


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.