Norway’s core retail sales fell 1.1% month-over-month in February 2026, marking a sharp reversal from January’s 1.1% increase, according to data updated on 27 March 2026. The figure, measured on a month-over-month basis, compares the change in February to January, while the prior reading compared January’s performance to December.
The downturn in February suggests a loss of momentum in underlying consumer spending after a solid start to the year. With core retail sales stripping out more volatile components, the negative print may raise concerns about the resilience of domestic demand in early 2026 and could feed into market expectations around the broader trajectory of Norway’s economic activity and monetary policy in the months ahead.
