Norway's retail trade increased by 1.6 percent year-on-year in April 2019, after an upwardly revised flat reading in a month earlier. Sales rebounded for both automotive fuel (0.1 percent vs -4 percent in March) and other goods (0.4 percent vs -1.4 percent). Also, retail trade not in stores, stalls and markets recovered sharply (5.6 percent vs -1.2 percent). In addition, sales of food, beverages and tobacco (1.6 percent vs 1.3 percent), those of non-specialised stores (2 percent vs 1 percent) and those of other household equipment (3.9 percent vs 1.4 percent) increased faster. At the same time, sales fell much less for cultural and recreation goods (-1.9 percent vs -5.4 percent). Meantime, sales of information & communication equipment plunged (-6.2 percent vs -0.5 percent). Retail Sales YoY in Norway averaged 1.99 percent from 2001 until 2019, reaching an all time high of 8.90 percent in April of 2007 and a record low of -4.40 percent in April of 2016.
Retail Sales YoY in Norway is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Norway to stand at 2.00 in 12 months time. In the long-term, the Norway Retail Sales YoY is projected to trend around 2.20 percent in 2020, according to our econometric models.