OSLO: Norway’s monthly consumer sentiment index (CCI) dropped to a four-month low of 9.1 points in February from 13.1 points in January, surveying firm Opinion said on Friday.
The index hit an all-time low in December 2015 of minus 11.7 points along with a sharp fall in the price of oil, Norway’s main export, but has since rebounded following a partial recovery in the cost of crude. The peak was seen in August 2017 at 13.4 points.
CCI is a measure of Norwegian consumers’ average expectations for their own as well as the country’s economy, unemployment and their ability to save money in the next 12 months.