Norway Personal Spending Growth at 5-Month High

2025-08-21 06:12 By Farida Husna 1 min. read

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.



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Norway Personal Spending Growth at 5-Month High
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.
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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.
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