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Fast Comment Norway — A brief preview of Norwegian key data this summer

  1. LFS and registered unemployment, and retail spending (Thursday and Friday, July 27-28)
  2. Manufacturing output and credit indicator growth (Monday and Tuesday, August 7 and 8)
  3. Core inflation (Friday, August 10)

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Finland — Industry data continues to impress

  1. Industrial production increased by 4.2 percent y-o-y in May
  2. New manufacturing orders were boosted by large orders in shipbuilding industry
  3. Exports increased by 27 percent

Janne Ronkanen, Senior Economist | jaro06@handelsbanken.se

Fast Comment Norway — CPI-ATE above expectations in June; driven by air fares

  1. CPI-ATE at 1.6 percent in June, unchanged from May
  2. Above expectations - Norges Bank and consensus expected 1.4 percent
  3. Upside surprise driven by prices for air fares

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Core inflation expected to decline further in June

  1. CPI-ATE expected at 1.3 percent in June, down from 1.6 percent in May
  2. Close to Norges Bank's estimate of 1.4 percent
  3. Decline driven by significant base effects for imported goods

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Manufacturing output rose 0.4 percent over the past three months

  1. Manufacturing output declined by 0.3 pct in May, in line with expectations
  2. Through the volatility, output has risen by 0.4 percent over the past three months
  3. Slight positive outlook, according to surveys

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no