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Norway CPI Inflation 3.3% y-o-y (Consensus 4.0%) in Sep-23

- Norway's CPI inflation rate for September 2023 decreased by 1.5pp to 3.3% year-on-year, marking the lowest growth since January 2022 and far less than the 4% consensus.
- The current inflation rate is 2.76 percentage points lower than the one-year average and 1.66 percentage points lower than the long-run average, indicating a significant deviation from historical trends.

Norway Manufacturing 1.5% m-o-m in Aug-23

- Norway's manufacturing output rose by 1.5% m-o-m in August 2023, indicating a notable recovery from the previous contraction.
- The manufacturing output exceeded the one-year average by 1.5 percentage points, suggesting a deviation from the normal trend and the potential for sustained growth.

Norway DNB PMI 52.5 in Sep-23

- The September 2023 Norway DNB PMI reading of 52.5 indicates an expansion in the manufacturing sector, surpassing the neutral threshold of 50 and the previous month's reading of 51.2.
- This is the highest PMI reading recorded since July 2023, implying positive momentum in Norway's manufacturing sector. The reading of 52.5 is 1.92 points above the one-year average, highlighting the robustness of the sector's performance.

Norway retail sales -0.3% m-o-m in Aug-23

- Norway's retail sales in August 2023 experienced a slight decline of 0.3% compared to the previous month, but this is an improvement from the previous decline of 0.89%.
- August 2023 saw the highest growth in retail sales since June 2023, indicating a positive trend and gradual recovery in the retail sector.