Norway Household Consumption Rebounds in January

Household consumption of goods in Norway rose 1.3% month-on-month in June 2025, quickening from 0.5% in May and marking the third consecutive monthly increase and the fastest pace since January. Growth was driven by a sharp rise in spending on electricity and heating fuels (8.9% vs 4.0% in May) and stronger purchases of vehicles and petrol (3.6% vs 1.7%). Meanwhile, consumption of other goods fell slightly (-0.1% vs -0.3%), while the decline in food, beverages, and tobacco deepened (-0.7% vs -0.2%). On an annual non-seasonally adjusted basis, household consumption grew 3.8% in June, slowing from May’s 6.6% increase, which had been the strongest in four months.

Household consumption of goods in Norway rose by 0.5% month-on-month in March 2025, following a 0.4% increase in the previous month. This marked the third consecutive month of growth in household spending, as expenditures rebounded significantly for vehicles and petrol (1.4% vs -8.1% in February) and other goods (1.5% vs -5.7%). Meanwhile, consumption decreased for food, beverages and tobacco (-0.8% vs -0.6%) and electricity and heating fuels (-1.6% vs 1.5%). On a non-seasonally adjusted yearly basis, household consumption advanced by 5.5% in March, accelerating from a 1.5% gain in the preceding period.

Household consumption of goods in Norway rose by 1.5% month-on-month in January 2025, recovering from a 1.1% drop in the previous month. Consumption rebounded for both electricity and heating (3.6% vs -5.5% in December) and other goods (2.7% vs -1.1%). Moreover, expenditure declined at a softer pace for food, beverages, and tobacco (-0.1% vs -1.3%). On the other hand, spending growth slowed for vehicles and petrol (0.2% vs 1.6%). On a non-seasonally adjusted yearly basis, household consumption climbed by 6.4%, following an upwardly revised 0.8% fall in the preceding period.