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Norway

Fast Comment Norway — Registered unemployment plagued by technical changes, but trend relatively flat this year

  1. Artificial increse in registered unemployment in November
  2. Driven by changes to the registration process
  3. The latest data points are not directly comparable to NBs estimates

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

Fast Comment Norway — Regional Network (preview): Growth may be passing a peak (q-o-q), but is still running above trend

  1. Regional Network has overstated growth this year
  2. Some lowering of growth expectations in the pipeline...
  3. ...but growth should still run above trend; we still expect two more interest rate hikes in 2019

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

Fast Comment Norway — Retail spending running below Norges Bank's estimates

  1. Retail sales fell by 0.2 percent in October
  2. Slightly below expectations, we and consensus expected 0 percent
  3. Retail spending continues to run below Norges Bank's estimates

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

Morgenrapport Norge —

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Fast Comment Norway — Preview: The housing market in November

  1. Housing prices have levelled out over the past five months (S.A)
  2. A common trend across the major regions
  3. We maintain our view of stable near-term prices and a moderate nominal increase in 2019

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

Morgenrapport Norge —

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