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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Household Consumption MoM fell to 0.5% in June 2025
FMPMonthlyReleased August 2025
Norway Household Consumption MoM fell to 0.5% in June 2025, released August 2025, down 0.4% from May's 0.9% reading. The print exceeded the -0.7% consensus by 1.2%. The print is running well above the 12-month average of 0.36%. The reading is in the 50th percentile of the trailing 24-month range.
Latest Release
0.5
Actual
-0.7
Consensus
0.9
Previous
Median Absolute Error
±1.3 percentage points
across last 12 releases
Last Call
Aug 2025
Predicted: -0.7
Actual: 0.5
Error: -1.2
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
Household Consumption MoM (Norway) was reported at 0.5% in August 2025. This beat the market consensus of -0.7% by 1.2%. The reading fell from the previous value of 0.9%. Trailing 12-month context per ETL data through August 2025.
WHY IT MATTERS
The trailing three releases averaged 0.83%, up from the prior three at -0.4%. In August readings over the past 3 years, Household Consumption MoM has averaged -1.2%.
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 12 releases, the Sigmacast model's median absolute error is 1.3%.
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 August 2025.
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Household Consumption MoM - NO
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About Household Consumption MoM — Norway
DEFINITION
Household Consumption MoM (Month-over-Month) is a key economic indicator that measures the change in the amount of goods and services purchased by households in a given month. It provides valuable insights into consumer spending patterns and overall economic activity. A positive change in this indicator indicates an increase in consumer confidence and a potential boost to economic growth, while a negative change may signal a decrease in consumer spending and potential economic slowdown. This indicator is closely monitored by policymakers, businesses, and investors as it can impact financial markets and inform decision-making.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (May 2025): actual 0.9 %, consensus 0.2 %. Prior reading (Mar 2025): 0.5 %. Before that (Jan 2025): 1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.