Norway's retail trade decreased 0.2 year-on-year in March 2019, following a 0.9 percent drop in the previous month, as sales fell for: cultural and recreation goods (-5.8 percent vs -11.9 percent); automotive fuel (-4.2 percent vs -3.2 percent); other goods (-1.4 percent vs -1.2 percent); information & communication equipment (-0.4 percent vs -10.1 percent); and food, beverages and tobacco (-0.2 percent vs 0.1 percent). Meanwhile, retail trade not in stores, stalls and markets posted the biggest gain (5.1 percent vs 1.2 percent), followed by sales in non-specialised stores (0.8 percent vs 0.6 percent) and those of other household equipment (1.2 percent vs unchanged). Retail Sales YoY in Norway averaged 1.99 percent from 2001 until 2019, reaching an all time high of 8.90 percent in April of 2007 and a record low of -4.40 percent in April of 2016.
Retail Sales YoY in Norway is expected to be 1.70 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 2.00 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.