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Norway

Fast Comment Norway — Credit indicator growth much higher than anticipated

  1. C2 sharply up to 6.3 percent in December, from 5.8 percent in November
  2. Driven by a sharp increase in debt growth among non-financial corporations
  3. Household debt growth also higher than anticipated

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

Morgenrapport Norge —

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

Fast Comment Norway — Retail sales declined by 1 percent in December, as we expected; trend still positive

  1. Retail sales declined by 1 percent in December, following +2.3 percent in November
  2. Outcome as we had expected, somewhat weaker than consensus
  3. The upshot is that the trend is pointing upward

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

Morgenrapport Norge —

Halfdan Grangård, Senior Economist | hagr11@handelsbanken.no

Morgenrapport Norge —

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

Fast Comment Norway — Preview: Retail sales, credit indicator growth (C2) and registered unemployment

  1. Retail spending estimated at -1 percent, following +2.1 percent in November
  2. Credit indicator growth (C2) estimated at 5.9 percent, up from 5.8 percent in November
  3. Registered unemployment estimated at 2.7/2.5 percent (unadjusted/S.A.)

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