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Fast Comment Norway

Fast Comment Norway — Expectations survey: little new information about wages; stronger GDP outlook

  1. Wage expectations among social partners have not changed much since the previous survey
  2. Wage expectations match Norges Bank's 2017-18 forecasts...
  3. ...but the GDP outlook appears to be stronger than expected

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Norway — Q2 investment survey for Oil & Gas: lower investments in 2018, but note the caveat

  1. Real petroleum investments expected at -6 percent this year, -4 percent in 2018...
  2. ...but note that 2018 may be revised upward
  3. Several large projects may be submitted in late 2017

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Norway — LFS unemployment higher than expected in March

  1. LFS unemployment at 4.5 percent in March, following 4.3 percent in February
  2. We and consensus expected 4.3 percent
  3. Developments in LFS unemployment in line with Norges Bank so far this year

Halfdan Grangård, Economist | hagr11@handelsbanken.no

Fast Comment Norway — A batch of Norwegian key data and surveys this Wednesday

  1. We and consensus expect LFS unemployment of 4.3 percent in March
  2. Expectation survey: Mainland GDP moving gradually toward 2 percent y-o-y (as an annual average)
  3. Real petroleum investments improving slightly from 2017 to 2018

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Norway — Mainland economy rose slightly more than expected in Q1

  1. Mainland GDP at 0.6 percent in Q1, following 0.4 percent in Q4 2016
  2. Slightly above expectations, we and consensus expected 0.5 percent, Norges Bank 0.4 percent
  3. Norges Bank will probably make a slight upward adjustment to the output gap

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no

Fast Comment Norway — Mainland GDP expected at 0.5 percent q-o-q in Q1 2017

  1. Mainland GDP expected at 0.5 percent q-o-q in Q1 2017
  2. Slightly up from 0.3 percent in Q4 2016
  3. Neutral to Norges Bank

Marius Gonsholt Hov, Economist | maho60@handelsbanken.no