FOREX TradingCharts.com

Financial News: Norway Consumer Confidence Weakest Since 1998

Norway Consumer Confidence Weakest Since 1998

05/24/2022 - 10:52:00 (RTTNews)

(RTTNews) - Confidence among Norwegian consumers weakened in the second quarter to reach its lowest level in more than two decades, results of a survey by Finance Norway showed on Tuesday.

The seasonally adjusted consumer confidence dropped markedly to -11.7 in the second quarter from 0.7 in the preceding quarter.

This was the largest quarterly decline since 1998, when the Norwegian interest rate was raised sharply amid the Asian crisis.

The survey was carried out in collaboration with Kantar Public from May 5 to 11.

"At the same time as Norway is in a boom and unemployment is at its lowest level since the financial crisis, Norwegian households' expectations of economic development are plummeting going forward," CEO of Finans Norge Idar Kreutzer said.

Consumers' expectations regarding their own financial situation over the next twelve months worsened sharply in the second quarter, with the index falling to -1.9 from 14.0 in the previous three-month period. Moreover, such low confidence had not been seen since 1992.

Households' expectations on the country's general economic situation for the next one year also plummeted to -28.2 from 30.3.

The unadjusted indicator came in at -18.1 in the second quarter versus 2.7 in the previous quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Australia Trade Data Due On Thursday (28 min(s), 51 sec(s) ago)
(RTTNews) - Australia will on Thursday release May figures for imports, exports and trade balance, ...Full Story»

Romania Central Bank Raises Key Rate Further (07 hr(s), 40 min(s), 51 sec(s) ago)
(RTTNews) - Romania's central bank raised its monetary policy rate more than expected on Wedne ...Full Story»

Egypt Non-Oil Private Sector Activity At 2-Year Low (09 hr(s), 31 min(s), 51 sec(s) ago)
(RTTNews) - Egypt's non-oil private sector activity deteriorated at the fastest pace in two ye ...Full Story»

Ireland Jobless Rate Rises Slightly In June (09 hr(s), 41 min(s), 51 sec(s) ago)
(RTTNews) - Ireland's unemployment rate increased marginally in June, after falling in the pre ...Full Story»

Taiwan Inflation Highest Since August 2008 (10 hr(s), 14 min(s), 51 sec(s) ago)
(RTTNews) - Taiwan's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story»

Malaysia Central Bank Hikes Rate Again By 25 Bps (10 hr(s), 41 min(s), 51 sec(s) ago)
(RTTNews) - Malaysia's central bank raised its key interest rate by a quarter-point for the se ...Full Story»

Hungary Industrial Output Growth At 6-Month Low; Retail Sales Grow Strongly (10 hr(s), 58 min(s), 51 sec(s) ago)
(RTTNews) - Hungary's industrial production expanded at the weakest pace in six months in May, ...Full Story»

Eurozone Retail Sales Rebound Less Than Forecast (12 hr(s), 18 min(s), 51 sec(s) ago)
(RTTNews) - Eurozone retail trade recovered at a slower-than-expected pace in May, figures from Eu ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia Trade Data Due On Thursday

07/06/2022 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Thursday release May figures for imports, exports and trade balance, ...Full Story>>

Romania Central Bank Raises Key Rate Further

07/06/2022 - 10:48 AM (RTTNews)
(RTTNews) - Romania's central bank raised its monetary policy rate more than expected on Wedne ...Full Story>>

Egypt Non-Oil Private Sector Activity At 2-Year Low

07/06/2022 - 08:57 AM (RTTNews)
(RTTNews) - Egypt's non-oil private sector activity deteriorated at the fastest pace in two ye ...Full Story>>

Ireland Jobless Rate Rises Slightly In June

07/06/2022 - 08:47 AM (RTTNews)
(RTTNews) - Ireland's unemployment rate increased marginally in June, after falling in the pre ...Full Story>>

Taiwan Inflation Highest Since August 2008

07/06/2022 - 08:14 AM (RTTNews)
(RTTNews) - Taiwan's consumer price inflation accelerated at a faster-than-expected pace in Ju ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.