Norway's core retail sales showed a notable slowdown in August 2024, as growth decelerated from 1.2% in July to a mere 0.1% the following month, according to data updated on September 27, 2024.
This stark drop contrasts sharply with the relatively robust performance observed in July 2024, where the core retail sales grew by 1.2% from the previous month. The latest figures indicate a significant cooling in consumer activity and spending within the Norwegian market, raising concerns among economic analysts about the underlying health of the consumer sector.
With August’s near-flat growth performance, policymakers and market watchers alike will be keeping a close eye on subsequent data releases to gauge whether this is a temporary slowdown or a sign of broader economic challenges ahead.
