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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Consumer Confidence climbed to -16.6% in July 2026
FMPMonthlyReleased August 2026
Norway Consumer Confidence climbed to -16.6% in July 2026, released August 2026, up 1.5% from June's -18.1% reading. The print exceeded the -18.0% consensus by 1.4%. The print is running well below the 12-month average of -13.69%.
Latest Release
-16.6
Actual
-18
Consensus
-18.1
Previous
Median Absolute Error
±3.6 percentage points
across last 11 releases
Last Call
Aug 2026
Predicted: -18
Actual: -16.6
Error: -1.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → 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 -16.6% in August 2026. This beat the market consensus of -18% by 1.4%. The reading rose from the previous value of -18.1%. Trailing 12-month context per ETL data through August 2026.
WHY IT MATTERS
The trailing three releases averaged -15.33%, down from the prior three at -5.57%. In August readings over the past 3 years, Consumer Confidence has averaged -12.17%.
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 11 releases, the Sigmacast model's median absolute error is 3.6%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Confidence - NO
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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 (Jul 2026): actual -16.6 %, consensus -18 %. Prior reading (Apr 2026): -20 %. Before that (Jan 2026): -9.4 %.
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.
Σ
EXPECTED ZONE
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Economic Calendar - NO Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Balance of Trade | 84.3 | 95.1 | 95.10 | Low | |