Norwegian households raise their economic outlook in first quarter 2020

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Norwegian households raise their economic outlook in first quarter 2020

Norwegian households raise their economic outlook in the first quarter, according to the latest Consumer Confidence Index. Indicators measuring the outlook for large purchases and personal economy pull the main indicator up in the quarter, the survey shows. The indicator measuring households’ propensity to save and repay debt is lowered in the quarter.  

The main indicator is 15.2 in the first quarter 2020, up from 10.4. Adjusted for seasonal changes, the main indicator is largely unchanged.

The Consumer Confidence Index is carried out by Kantar TNS on behalf of Finance Norway. The survey is a gauge of Norwegian households' economic expectations, and is composed by five categories combined into one main indicator.

 

1.quarter 2020

4. quarter 2019

Main indicator

15,2

10,4

Main indicator (adjusted)

14,5

14,8