Norvège - Confiance des consommateurs

Norway's consumer confidence rose to 17.1 in the three months to September 2019 from an upwardly revised 13.9 in the previous period. This was the highest reading since the June quarter 2018, despite ongoing global trade dispute, unresolved Brexit, stock exchange and currency turmoil and increased interest rates. Consumers' willingness to make larger purchases strengthened strongly (24.4 vs 12.5 in Q2), while households' expectations towards the country's economy last year (18.4 vs 16.2) and those over the next 12 months (2.8 vs 1.0) picked up. Also, consumers' assessment regarding their own financial conditions last year improved (24.8 vs 19.5), with those of next year easing slightly(22.1 vs 23.3).

Norway's consumer confidence dropped to 12.8 in the three months to June 2019 from an upwardly revised 13.3 in the previous period. This was the weakest figure since the second quarter 2017 when the reading was at 12.5, with consumers' willingness to make larger purchases softening markedly (12.5 vs 14.1 in Q1), following an increase in the Norwegian central bank's interest rates. Meanwhile, households' expectations towards the country's economy last year surged (16.2 vs 7.1) and those over the country's economy over the next 12 months strengthened (1.0 vs 0.3). At the same time, consumers' expectations regarding their own financial conditions next year (23.3 vs 19.9) and those of last year (19.5 vs 18.1) improved. The country's consumer confidence hit a 24-year low of -15.4 in the first quarter of 2016, due to a plunge in crude oil prices.

Norway's consumer confidence declined to 12.7 in the first quarter of 2019 from a downwardly revised 14.2 in the previous period. It was the lowest reading since the second quarter of 2017, as households' expectations towards the country's economy last year weakened sharply (7.1 vs 18.2), as well as those towards the country's economy over the next 12 months (0.3 vs 2.9). Meanwhile, consumers' expectations regarding their own financial conditions next year improved (19.9 vs 18.8 in Q3) and their willingness to make large purchases strengthened (14.1 vs 10.4). "It may seem that we are experiencing an increased polarization in Norwegian society, where the belief in the future is linked to how people seem to vote", the CEO of Finance Norway Idar Kreutzer said. The country's consumer confidence hit a 24-year low of -15.2 in the first quarter of 2016, due to a plunge in crude oil prices.