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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Consumer Confidence fell to -20.0% in April 2026
FMPMonthlyReleased May 2026
Norway Consumer Confidence fell to -20.0% in April 2026, released May 2026, down 7.6% from March's -12.4% reading. The reading missed the -12.0% consensus by 8.0%. The print is running well below the 12-month average of -14.54%. Consumer Confidence is now the lowest in 24 months.
Latest Release
-20
Actual
-12
Consensus
-12.4
Previous
Median Absolute Error
±3.95 percentage points
across last 10 releases
Last Call
May 2026
Predicted: -17.7
Actual: -20
Error: +2.3
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Bullish NOK | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Bullish NOK | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Norway) was reported at -20% in May 2026. This missed the market consensus of -12% by 8%. The reading fell from the previous value of -12.4%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged -12.93%, down from the prior three at -4.93%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK). Over the last 10 releases, the Sigmacast model's median absolute error is 3.95%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Norges Bank Interest Rate Decision (Jun 18) and Interest Rate Decision (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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About Consumer Confidence — Norway
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -20 %, consensus -12 %. Prior reading (Jan 2026): -9.4 %. Before that (Oct 2025): -3.7 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.