Norway's retail trade fell 0.9 percent from a month earlier in April 2022, reversing from a downwardly revised 3.0 percent rise in the previous month. It was the second time decline in the first four months of the year, due to a decrease in sales of both other household equipment (-2.7% vs 9.1%) and cultural and recreation goods (-1.6% vs 9.6%), amid a faster drop in non-specialised stores (-1.4% vs -1.0%). The pandemic and regulations imposed to limit infections have contributed to Norwegians changing their consumption pattern in the direction of spending less on services, and more on retail goods. On a yearly basis, retail sales dropped by 2.4 percent in April, following an upwardly revised 1.0 percent decline in March. source: Statistics Norway
Retail Sales MoM in Norway averaged 0.16 percent from 1979 until 2022, reaching an all time high of 15.40 percent in January of 1989 and a record low of -9 percent in February of 1987. This page provides - Norway Retail Sales MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Retail Sales MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Retail Sales MoM in Norway is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.80 percent in 2023 and 0.50 percent in 2024, according to our econometric models.