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Norway

Morgenrapport Norge —

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Norway — Outlook for petroleum investments broadly in line with Norge Bank

  1. Petroleum investments expected to decline by around 9-10 percent this year (real terms)
  2. Investments will decline during H1 2017; then the contractions should start to ease
  3. The outlook is broadly in line with Norges Bank's projections

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Morgenrapport Norge —

Halfdan Grangård, Economist | hagr11@handelsbanken.no

Fast Comment Norway — Survey unemployment much lower than expected; sharp decline in labour participation

  1. LFS unemployment at 4.4 percent in December, down from 4.7 percent in Nov
  2. Much lower than expected; we and consensus had 4.7 percent
  3. Unemployment rate pulled down by a sharp decline in labour force participation

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Morgenrapport Norge —

Halfdan Grangård, Economist | hagr11@handelsbanken.no

Monthly Macro Update — No smooth sailing in sight

US: In for a boom/bust episode
Eurozone: A tall order for the ECB
Nordics: Growing confidence

Ann Öberg, Chief Economist | anob04@handelsbanken.se