Household consumption of goods in Norway fell sharply to 3.3% month-over-month in April 2023, following an upwardly revised 3.1% growth in the previous month. Purchases slumped significantly for all categories: vehicles & petrol (-5% vs 9.7% in March), other goods (-1.7% vs 0%), electricity & heating fuels (-6.3% vs 11.6%) and food, beverages & tobacco (-4.1% vs 2.9%). source: Statistics Norway

Household Spending MoM in Norway averaged 0.22 percent from 1979 until 2023, reaching an all time high of 16.10 percent in January of 2000 and a record low of -23.00 percent in January of 2023. This page includes a chart with historical data for Norway Household Consumption MoM. Norway Household Consumption MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

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Norway Household Consumption MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 06:00 AM Mar 2.6% 4.5% -2.3%
2023-05-26 06:00 AM Apr -3.3% 3.1% -1.7%
2023-06-27 06:00 AM May -3.3%

Norway Household Consumption MoM
In Norway, the index of household consumption of goods measures the development in household consumption of goods (durable and non-durable). The statistics are calculated as an index and are based on the index of retail sales, first-time registered motor vehicles, sales of alcoholic and non-alcoholic beverages and electricity, petrol and fuel statistics. The index does not cover household consumption of goods abroad.
Actual Previous Highest Lowest Dates Unit Frequency
-3.30 2.60 16.10 -23.00 1979 - 2023 percent Monthly
SA

News Stream
Norway Household Spending Falls Sharply
Household consumption of goods in Norway fell sharply to 3.3% month-over-month in April 2023, following an upwardly revised 3.1% growth in the previous month. Purchases slumped significantly for all categories: vehicles & petrol (-5% vs 9.7% in March), other goods (-1.7% vs 0%), electricity & heating fuels (-6.3% vs 11.6%) and food, beverages & tobacco (-4.1% vs 2.9%).
2023-05-26
Norway Household Spending Rises at a Slower Pace
Household consumption of goods in Norway advanced by 2.6% month-over-month in March 2023, easing from an upwardly revised 4.5% growth in the previous month. Purchases of vehicles and petrol slowed sharply (7.5% vs 50.1% in February), while spending on other goods dropped (-0.4% vs 0.9%). On the other hand, consumption rebounded for electricity and heating fuels (11.1% vs -6.5%) and food, beverages and tobacco (3% vs -2.4%).
2023-04-27
Norway Household Spending Rebounds in February
Household consumption of goods in Norway increased by 3.7% month-over-month in February 2023, rebounding from the steepest fall on record of 22.5% in the previous month. Purchases of vehicle & petrol rebounded sharply (43.6% vs -74.2% in January), while consumption for electricity & heating fuels fell softer (-6.2% vs -6.9%). By contrast, spending decreased for other goods (0.8% vs 1.7%) while consumption declined food, beverages & tobacco (-2.5% vs 2.1%).
2023-03-29