Norway's Consumer Confidence Index (CCI) measures the level of consumer confidence in the stability of the country's economy. The index is calculated quarterly, based on a consumer survey conducted by Finance Norway among Norwegian households.
The respondents ask the following five questions in this survey:
The final indicator is calculated as a difference between optimistic and pessimistic responses, and the resulting value is divided by 5.
Positive readings indicate consumer confidence and a favorable economic environment in the country. Therefore, a higher than expected growth can be seen as positive for the Norwegian krone quotes. Conversely, lower values can push NOK quotes down.
The chart of the entire available history of the "Norway Consumer Confidence" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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The Calendar data are provided as is. The economic news release frequency and schedule, as well as the economic parameters' values may change without our knowledge. You can use the provided information, but you accept all the risks associated with making trade decisions based on the Calendar data.