Norwegian consumer confidence deteriorated sharply in the second quarter of 2026, with the indicator falling to -20.00 from -12.40 in the first quarter of 2026. The fresh reading, updated on 12 May 2026, underscores a marked weakening in household sentiment over the period.
The move deeper into negative territory suggests that Norwegian consumers have become more cautious about their economic prospects and spending plans compared with the start of the year. While the index was already below zero in the first quarter, the decline in the second quarter points to growing pessimism and potentially softer consumer-driven activity ahead.
The worsening confidence backdrop will be closely watched by market participants and policymakers, as prolonged weakness in sentiment can weigh on domestic demand and broader economic momentum. Investors may factor the deteriorating outlook into expectations for growth and consumption trends in Norway over the coming quarters.
