Norway's retail trade increased by 0.4 percent year-on-year in August 2019, after a 0.9 rise a month earlier. Sales rose softer for retail trade not in stores, stalls and markets (4.3 percent vs 9.0 percent in July). In addition, sales dropped for: other household equipment (-0.3 percent vs 3.7 percent); cultural and recreation goods (-3.3 percent vs 2.8 percent), and other goods (-0.2 percent vs 0.5 percent), while that of information and communication equipment fell faster (-6.5 percent vs -4.5 percent). On the other hand, sales of food, beverages and tobacco went up faster (2.7 percent vs 2.1 percent in July), while that of sale in non-specialised stores increased by 1.0 percent, after a flat reading in July. By contrast, sales of automotive fuel rebounded (0.7 percent vs -3.9 percent). Retail Sales YoY in Norway averaged 1.95 percent from 2001 until 2019, reaching an all time high of 8.70 percent in April of 2007 and a record low of -4 percent in April of 2016.
Retail Sales YoY in Norway is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Norway to stand at 1.90 in 12 months time. In the long-term, the Norway Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.