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 July 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.