NHO expects less Christmas shopping in Norway this year compared to last year

Oslo Central Station - Christmas treePhoto: Stian Lysberg Solum / SCANPIX
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Forecasts from the NHO indicate that each Norwegian will spend NOK 11,500 on Christmas shopping in December. That is a little less than last year, but a good deal more than in 2019.

According to forecasts, this year’s Christmas shopping in December and November will be 9.2% higher than two years ago. The total sum of NOK 118 billion is still just over 5% below last year’s record turnover of almost NOK 125 billion, NHO points out.

NHO notes that the reopening will provide opportunities to spend money on travel and experiences that were out of reach last year.

“More people want to go to Christmas dinners, eat out, travel… This means more money spent on services, and relatively less money spent on goods,” NHO’s chief economist Øystein Dørum stated in a press release.

NHO estimates that 10% of Christmas shopping will take place online.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayFinance

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