Household consumption of goods in Norway rose 1.2 percent month-over-month in July 2021, compared to a flat reading a month earlier. The rise was mainly supported by a pick-up in spending on foods, beverages, and tobacco (3.8 percent vs 0.5 percent in June), and a rebound in consumption of electricity and heating fuels (2.3 percent vs -4.8 percent). Meanwhile, purchases of vehicles and petrol eased markedly (0.5 percent vs 2.3 percent), while spending on other goods fell further (-0.9 percent vs -0.4 percent). source: Statistics Norway
Household Spending in Norway averaged 0.23 percent from 1979 until 2021, reaching an all time high of 16.10 percent in January of 2000 and a record low of -10.90 percent in January of 1995. This page provides - Norway Household Consumption- actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Household Spending in Norway is expected to be 0.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Household Consumption MoM is projected to trend around 0.70 percent in 2022 and 0.50 percent in 2023, according to our econometric models.