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September 11, 2023
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Norway PPI inflation -37.39% y-o-y in Aug-23



- Norway's PPI inflation in August 2023 experienced a substantial year-on-year decline of 37.39%, following a similar decline the month prior.
- The August figure is 32.83 percentage points below the one-year average and 45.02 percentage points below the long-run average, indicating prolonged deflationary pressures in the Norwegian economy.
September 07, 2023
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Norway manufacturing production -1.18% m-o-m in Jul-23


- Norway's manufacturing production declined by 1.18% m-o-m in July 2023, the lowest growth rate since August 2022, signaling potential challenges for the sector and the broader economy.
- The current growth rate is 0.99 pp below the one-year average and 1.26 pp below the long-run average, highlighting the underperformance of the manufacturing sector.
September 01, 2023
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Norway PMI 51.43 (consensus 56.0) in Aug-23

- Norway's PMI in August 2023 declined to 51.43, hitting its lowest level since June 2023, indicating a sharp slowdown in the manufacturing sector.
- While the overall PMI declined, there was still moderate expansion in new orders, as the PMI new orders component stood at 53.79, suggesting some level of demand in the manufacturing sector.

Note: The summary bullets only provide a concise overview of the analysis and may not capture all the nuances of the detailed analysis.

August 28, 2023
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Norway retail sales -0.79% m-o-m in Jul-23


- Norway's retail sales experienced a decline of 0.79% month-on-month in July 2023, the lowest growth rate since December 2022.
- Retail sales in July 2023 were 0.72 percentage points below the one-year average and lagged behind the long-run average by 0.95 percentage points.

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