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.