Norway - Retail Sales





Norway: Retail Sales

Mnemonic WRT.INOR
Unit Index 2015=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 5.76 %
Data Dec 2023 156
Nov 2023 147.5

Series Information

Source Statistics Norway
Release Index of wholesale and retail sales
Frequency Monthly
Start Date 1/31/1979
End Date 12/31/2023

Norway: Consumer

Reference Last Previous Units Frequency
Retail Sales Dec 2023 156 147.5 Index 2015=100, NSA Monthly
Personal Income 2022 2,471,410 2,421,121 Mil. NOK, NSA Annual

Release Information

For Norway, these indexes describe growth in retail sales to private households of all new and used goods excluding motorised vehicles and petrol; to the five-digit NACE level; in value and volume (original and inflation-adjusted) terms; at the country geo-level only.

Active:

  • Activity classification: SIC2007, the localization of NACE Rev. 2
  • Measurements:
    • Volume index, fixed base, relative to 2015 (Vol. Index 2015=100)
    • Value index (Index 2015=100)
  • Adjustment:
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: Uniformly 2000m1

Predecessors:

  • 2010=100 - 2000 to 2017
  • 2005=100 - 2000 to 2015
  • 2000=100 - 1979 to 2008

The index covers total retail sales to private households of all new and used goods excluding motor vehicles, from fixed or moveable sales outlet, a market place or via the Internet or mail order. It is regarded as an important short-term indicator of consumer demand and has been published since 1936. 

Value indices show the development in turnover not adjusted for changes in prices (i.e., nominal). Volume indices show the development in turnover corrected for price changes (i.e., real), also known as the development in fixed prices.

The dataset includes up to 44 categories from the "47" (retail sales) division of the SN2007 classification.

Data Buffet includes three of the five adjustments. They do not necessarily each include all 44 categories.

  • Value index excluding VAT - All 44
  • Volume index NSA - 9 omitted
  • Volume index SA - 35 omitted

Changes

From November 1999, the sample of retail stores has been supplemented gradually with turnover figures for chain stores reported directly by head office. As a consequence, figures for newly established and closed down units for the above-mentioned stores are also more up to date.

Timeliness

The monthly statistics are disseminated each month, between day 26 and 30, with a one-month lag. 

Moody's Analytics supplements

For the all-items value index, we compute a seasonally adjusted supplement.

The full history of the SA figures is revised each period. Revisions to the NSA figures are uncommon.

Statistics Norway warns that SA numbers have extra uncertainty for March and April due to the moving holiday of Easter.  In 2012 Easter was early in April, which influences turnover in March.  The seasonal adjustment takes this into account, but it is hard to estimate all effects, and only when the April numbers are published can the SA numbers for March become clearer.

Further reading

At the source: