Trade Balance in Norway
Norway - Trade BalanceThe economy shrank in Q1 2019 in quarterly terms, contrasting the expansion posted in the final quarter of last year. The mainland economy, which excludes petroleum activities and related ocean transport, eked out an expansion, but slowed markedly from the prior quarter nonetheless. Falling fixed investment, which coincided with waning business confidence, was the main culprit for Q1’s poor outturn. The labor market, however, did not feel the chill, as the unemployment rate fell to a near five-year low in March. Turning to Q2, the government announced on 14 May that it would spend slightly more money than previously estimated this year and collect slightly less revenue. This fiscal revision should boost economic growth, although the national wealth fund will pick up the tab.
Norway - Trade Balance Data
|Trade Balance (USD billion)||66.2||55.3||27.5||14.4||21.2|
5 years of economic forecasts for more than 30 economic indicators.
Norway Trade Balance Chart
Source: Statistics Norway and Met the why particular calculations.
|Bond Yield||1.39||-0.65 %||Jun 14|
|Exchange Rate||8.72||-0.38 %||Jun 14|
|Stock Market||861||-0.08 %||Jun 14|
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June 11, 2019
Consumer prices fell 0.3% in May, contrasting the 0.4% increase logged in April.
May 13, 2019
The economy shrank 0.1% in the first quarter of 2019 in seasonally-adjusted terms, contrasting the 0.6% growth in the fourth quarter of 2018.
May 11, 2019
Consumer prices rose 0.4% in April compared to the previous month, up from 0.2% in March.
May 9, 2019
Norges Bank kept the sight deposit rate unchanged at 1.00% at its monetary policy meeting on 9 May, as overwhelmingly expected by market analysts.
May 8, 2019
Industrial production fell a seasonally-adjusted 1.4% in March compared to the previous month, less than the 1.8% fall in February, according to Statistics Norway.