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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 Norwegian monthly mainland GDP indicator was stronger than expected in January, at 0.4% M/M (vs 0.0% cons). The Norges Bank's December MPR expected a weaker -0.2% M/M, but this forecast is stale and will be updated at Thursday's March meeting.
- The Norges Bank's -0.3% Q/Q mainland GDP expectation for Q1 2024 is expected to be revised higher somewhat, and the January data strengthens this case.
- However, December's -0.1% M/M was revised to -0.3% M/M, tempering the January beat somewhat.
- The monthly indicator is volatile though, and Statistics Norway notes rolling three-month growth for GDP Mainland Norway was 0.2 percent (vs 0.3%prior).
- Wholesale and retail trade contributed the most to the January print, though household consumption fell 0.4% due to a drop in household car purchases.
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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