Norway braces for a record-breaking Christmas shopping season
Oslo Handelsstands Forening (OHF) believes that Norwegians will be buying food and gifts like never before in the run-up to Christmas.
Oslo Handelsstands Forening (OHF) believes that this year Norwegians will be buying food and gifts like never before in the run-up to Christmas. They expect an increase of 6%.
In total, Norwegians will spend NOK 117 billion during November and December.
Out of the total, 65% will go to gifts and 35% to food.
The average in the last month of the year will be NOK 12,000 kroner, up 4.8% from 2019.
Bjørn Næss, CEO of OHF, believes that Norwegians have an extra amount of money to spend this Christmas.
“Holiday budgets were low, we have record low interest rates and record low electricity prices.
“Infection control rules and home office have also led to us spending less money on transport and services,” Næss noted.
© NTB Scanpix / #Norway Today
