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Danske Bank highlight today's regional.......>

NORWAY
NORWAY: Danske Bank highlight today's regional network survey in Norway, which
is Norges Bank's preferred gauge of economic activity and is particularly
important at a time when the picture is being distorted by temporary factors
such as the abnormally hot summer. They expect a moderate decrease in the
aggregated output index for the next six months from 1.46 to somewhere between
1.2 and 1.4. This corresponds to quarterly growth in mainland GDP of around
0.60.7% in H1, which is still slightly above trend. If proven right and if other
details (not least wage expectations) keep up it would support expectations of a
rate increase in March and be supportive of NOK FX.

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