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.