Archive

December 11, 2023
NO.png

Norway CPI Inflation 4.8% y-o-y (consensus 4.9%) in Nov-23

- Norway's CPI inflation rate in November 2023 was 4.8% year-on-year, slightly below the consensus estimate of 4.9% but still marking the highest growth since July 2023.
- The downside news was in the core, which undershot expectations for no change from 6.0% with the 5.8% outcome.

November 23, 2023
NO.png

Norway Unemployment Rate 3.6% (consensus 3.5%) in Oct-23

- The unemployment rate in Norway increased to 3.6% in October 2023, slightly higher than the consensus estimate of 3.5%. It is the highest level since March 2023.
- Despite the increase, the current unemployment rate in Norway remains below the long-run average, indicating a relatively tight labour market situation.

November 23, 2023
NO.png

Norway Mainland GDP Growth 0.1% q-o-q (consensus 0.2%) in Q3-23

- Norway's mainland GDP experienced a disappointingly modest increase of 0.1% q-o-q in Q3-23, albeit surpassing the previous quarter's stagnancy.
- This growth falls below both the one-year average and long-run average, suggesting that monetary policy is currently tight.

November 10, 2023
NO.png

Norway CPI Inflation 4.0% y-o-y (consensus 3.6) in Oct-23

- Norway's October 2023 CPI inflation surpassed market expectations at 4.0% y-o-y, reaching the highest growth rate since August 2023.
- While the current inflation rate is still below the one-year average, the higher-than-expected CPI-ATE inflation of 6.0% suggests worryingly high underlying inflationary pressures.

By country