Household consumption of goods in Norway increased 2.7 percent month-over-month in November 2021, reversing a revised 2.0 percent fall in October. This was the steepest increase in personal spending since May, amid a bounce-back in consumption of both food, beverages, and tobacco (0.7 percent vs -1.7 percent in October), and electricity and heating fuel (5.5 percent vs -6.8 percent). Also, purchases of vehicles and petrol were up 7.2 percent, shifting from an 8.2 percent decline in October; while spending on other goods accelerated (1.9 percent vs 1.3 percent). source: Statistics Norway

Household Spending MoM 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 includes a chart with historical data for Norway Household Consumption MoM. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

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Norway Household Consumption MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-11-26 07:00 AM Oct -1.6% 0.8% 0.4%
2021-12-27 07:00 AM Nov 2.7% -2.0% 1.1%
2022-01-28 07:00 AM Dec 2.7%


News Stream
Norway Household Consumption Rebounds
Household consumption of goods in Norway increased 2.7 percent month-over-month in November 2021, reversing a revised 2.0 percent fall in October. This was the steepest increase in personal spending since May, amid a bounce-back in consumption of both food, beverages, and tobacco (0.7 percent vs -1.7 percent in October), and electricity and heating fuel (5.5 percent vs -6.8 percent). Also, purchases of vehicles and petrol were up 7.2 percent, shifting from an 8.2 percent decline in October; while spending on other goods accelerated (1.9 percent vs 1.3 percent).
2021-12-27
Norway Personal Spending Down 1.6% MoM
Household consumption of goods in Norway dropped by 1.6 percent month-over-month in October 2021, reversing from a 0.8 percent growth a month earlier. The decline was dragged down by spending on both electricity and heating fuel (-6.9 percent vs -1.2 percent), and food, beverages, and tobacco (-0.1 percent vs -0.3 percent). Also, purchases of vehicles and petrol fell 8.7 percent after growing 4.3 percent in September. On the other hand, consumption of other goods picked up (1.2 percent vs 0.4 percent).
2021-11-26
Norway Personal Spending Rebounds
Household consumption of goods in Norway rose by 0.8 percent month-over-month in September 2021, shifting from a downwardly revised 1.4 percent fall a month earlier. Spending on other goods bounced back (0.5 percent vs -1.3 percent in August) while purchases of vehicles and petrol continued to grow (3.2 percent vs 4.3 percent). At the same time, consumption of food, beverages, and tobacco fell much softer (-0.1 percent vs -5.3 percent). Meanwhile, spending on electricity and heating fuel dropped by 1.0 percent after increasing 2.0 percent in August.
2021-11-19

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 statistics are calculated as an index and are based on the index of retail sales, first-time registered motor vehicles, sales of alcoholic and non-alcoholic beverages and electricity, petrol and fuel statistics. The index does not cover household consumption of goods abroad.