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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NORWAY
The main opposition centre-left Labour Party continues to climb in opinion polls, putting the party in pole position to lead the next gov't.
- Opinion Perduco poll: Labour: 26% (+3), Conservative: 22%, Centre Party: 16% (-3), Socialist Left: 9% (+1), Progress Party: 9% (-1), Greens: 5% (-1), Red Party: 4%, Christian Democrats: 4% (+1), Liberals: 3%. +/- vs. April 2021. Fieldwork: May 2021
Chart 1. Norway Opinion Polling by Party, % and 6-Poll Moving Average
Source: Opinion Perduco, Respons Analyse, Norfakta, Norstat, Kantar TNS, Ipsos MMI, Sentio, MNI. N.b. Each dot indicates individual polling data point.
- Given that coalition gov'ts are the norm in Norway, the state of opinion polling shows the left-leaning 'red bloc' with a comfortable lead over the incumbent right-leaning 'blue bloc' of PM Erna Solberg (see chart below). The decline in support for the blue bloc as a while has come in part from a slump for the Conservatives, but also from a long-running decline in support for the right-wing Progress Party, which has seen its support fall from around 15% in September 2020 to below 10% in May 2021.
Chart 2. Norway Opinion Polling by Bloc, % and 6-Poll Moving Average
Source: Opinion Perduco, Respons Analyse, Norfakta, Norstat, Kantar TNS, Ipsos MMI, Sentio, MNI. N.b. Each dot indicates individual polling data point.
- As part of an election-year spending spree, the gov't is seeking to free up a record NOK402.6bn (USD48.6bn) from Norway's sovereign wealth fund in 2021, up from NOK331.1bn (USD40.1bn) in late 2020 according to Finance Minister Jan Tore Sanner. The minister argued that "Extraordinary economic support measures related to the pandemic account for a large bulk of the increase," rather than the funds being used as a potential sweetener for voters.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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