Norway's retail trade dropped 3.1 percent from a month earlier in July 2021, following a 0.1 percent fall in the previous month. It was the second straight of decline in retail trade and the steepest pace since last December, due mainly to lower sales in hardware stores. E-commerce also contributed to the decline. By contrast, gas stations and clothing stores increased, which dampened the overall decline. 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 decreased by 4.1 percent in July, after a flat reading in June. source: Statistics Norway
Retail Sales MoM in Norway averaged 0.16 percent from 1979 until 2021, 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 September of 2021.
Retail Sales MoM in Norway is expected to be 0.60 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 2022 and 0.50 percent in 2023, according to our econometric models.