Norway's retail trade dropped 0.9 percent from a month earlier in May 2022, after an upwardly revised 1.3 percent fall in the previous month. It was the third time decline in the first five months of the year, due to a further decrease in sales of both other household equipment (-1.9% vs -5.4%), non-specialised stores (-1.1% vs -1.4%), automotive fuel (-0.9% vs -1.7%). In addition, sales of both ICT-equipment (0.3% vs 2.8%) and trade not in stores (0.7% vs 1.6%) rose softer. 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 went down by 8.8 percent in May, the most monthly decline since the series began in 2001, following a 2.4 percent fall in April. source: Statistics Norway

Retail Sales MoM in Norway averaged 0.15 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.

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Norway Retail Sales MoM



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 06:00 AM Apr -0.9% 3.0% -1.2%
2022-06-27 06:00 AM May -0.9% -1.3% 0.3%
2022-07-29 06:00 AM Jun -0.9%


Related Last Previous Unit Reference
Retail Sales MoM -0.90 -1.30 percent May 2022
Retail Sales YoY -8.80 -2.40 percent May 2022
Consumer Spending 402386.00 410352.00 NOK Million Mar 2022
Disposable Personal Income 373222.00 360458.00 NOK Million Dec 2021
Personal Savings 9.90 9.30 percent Dec 2021
Gasoline Prices 2.30 2.50 USD/Liter Apr 2022
Household Spending -2.40 -4.00 percent Mar 2022

Norway Retail Sales MoM
In Norway, the Retail sales report provides an aggregated measure of sales of retail goods and services over a specific time period. In Norway, Retail sales are seasonal, volatile and relatively important to the overall economy.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -1.30 15.40 -9.00 1979 - 2022 percent Monthly
2015=100, SA

News Stream
Norway Retail Sales Fall at Softer Rate
Norway's retail trade dropped 0.9 percent from a month earlier in May 2022, after an upwardly revised 1.3 percent fall in the previous month. It was the third time decline in the first five months of the year, due to a further decrease in sales of both other household equipment (-1.9% vs -5.4%), non-specialised stores (-1.1% vs -1.4%), automotive fuel (-0.9% vs -1.7%). In addition, sales of both ICT-equipment (0.3% vs 2.8%) and trade not in stores (0.7% vs 1.6%) rose softer. 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 went down by 8.8 percent in May, the most monthly decline since the series began in 2001, following a 2.4 percent fall in April.
2022-06-27
Norway Retail Sales Drop 0.9% MoM in April
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.
2022-05-30
Norway Retail Sales Rise the Most in 10 Months
Norway's retail trade grew 3.3 percent from a month earlier in March 2022, rebounding from a 1.1 percent drop in the previous month. It was the strongest growth in retail sales since last May, due to a rebound in sales of both other household equipment (9.7% vs -4.8%) and cultural and recreation goods (11.2% vs -1.4%), amid a softer fall in non-specialised stores (-0.6% vs -4.0%). 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 0.9 percent in March, following a 2.9 percent decline in February.
2022-04-29