Norway's retail trade grew by 0.3% in April 2021, the first increase since last November, after showing no growth in the previous month and compared with market estimate of a flat reading. Clothing stores and e-commerce saw a monthly increase in the volume sales and were the largest positive contribution to the increase in the volume of retail sales. E-commerce had an 8.1% increase in the seasonally adjusted volume from March to April 2021. Meanwhile, grocery stores fell by 1.4%, contributing to the largest decline in the volume of retail sales. 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 trade advanced 2.9% in April, after an upwardly revised 6.8% gain in March. 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 June of 2021.
Retail Sales MoM in Norway is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Norway to stand at 0.60 in 12 months time. In the long-term, the Norway Retail Sales MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.