Norwegian mainland GDP growth likely to have accelerated slightly in Q3 2018

According to a Nordea Bank research report, Norway’s mainland GDP is likely to have grown 0.6 percent on a quarterly basis, a slight acceleration from 0.5 percent seen in the second quarter. Norges Bank expects the economy to have grown 0.7 percent. On a year-on-year basis, the economy is likely to have grown 2.3 percent. The monthly production of electricity and agriculture was temporarily low in August and is likely to have recovered solidly in September. Moreover, figures received for the previous months might argue for an upward revision. “Norges Bank forecasts an employment growth of 0.3 percent q/q in Q3. Based on running labour market figures, we see the risk to be on the upside. If we are right that should counteract the impression from the somewhat weaker demand and production picture”, added Nordea Bank. - EconoTimes –



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