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). source: Statistics Norway

Household Spending 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 provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Household Spending in Norway is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.70 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Norway Household Consumption MoM


Calendar GMT Actual Previous Consensus TEForecast
2021-11-19 07:00 AM Sep 0.7% -1.4% 0.8%
2021-11-26 07:00 AM Oct -1.6% 0.8% 0.4%
2021-12-27 07:00 AM Nov -1.6%


Related Last Previous Unit Reference
Retail Sales MoM 1.00 0.40 percent Oct/21
Retail Sales YoY -3.30 -2.80 percent Oct/21
Consumer Spending 397306.00 365860.00 NOK Million Sep/21
Disposable Personal Income 368458.00 363742.00 NOK Million Jun/21
Personal Savings 16.70 18.90 percent Jun/21
Household Spending -1.60 0.80 percent Oct/21
Gasoline Prices 2.06 1.95 USD/Liter Oct/21

News Stream
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 Personal Spending Declines
Household consumption of goods in Norway dropped by 1.8 percent month-over-month in August 2021, shifting from a downwardly revised 1.1 percent gain a month earlier. Spending on food, beverages, and tobacco fell by 5.4 percent, compared with a 4.1 percent rise in July. Also, consumption of other goods fell at a steeper rate (-1.7 percent vs -1.2 percent). At the same time, spending on electricity and heating fuels eased (2 percent vs 2.4 percent). Meanwhile, purchases of vehicles and petrol picked up strongly(3.6 percent vs 0.4 percent).
2021-09-28

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 index does not cover household consumption of goods abroad, such as cross-border shopping.