Norway Economy

Norway’s gdp growth annual decreased to -0.2 by -95.0% on July 2020 from -4.0 in the previous Quarterly. On a year on year basis Norway’s gdp growth annual decreased by -105.88%. Norway’s gdp growth annual trend is down since the current value of -0.2 is lower than the 12 month moving average of 0.541667.Norway’s inflation cpi decreased to 0.7 by -58.82% on November 2020 from 1.7 in the previous Monthly. On a year on year basis Norway’s inflation cpi decreased by -56.25%. Norway’s inflation cpi trend is down since the current value of 0.7 is lower than the 12 month moving average of 1.275.Norway’s unemployment rate decreased to 5.2 by -1.89% on September 2020 from 5.3 in the previous Monthly. On a year on year basis Norway’s unemployment rate increased by 33.33%. Norway’s unemployment rate trend is down since the current value of 5.2 is lower than the 12 month moving average of 4.33333.

Norway Financial Markets

Oslo OBX closed up by 0.0% to 1047.59 on 23 January 2021 and +0.02022% on a weekly basis. Oslo OBX momentum was last calculated at +0.5/100 indicating positive momentum. Oslo OBX trend is +1.0/100 indicating a positive trend. Oslo OBX momentum exhaustion is 1.50265 indicating Oslo OBX is oversold.Norway ETF closed up by 0.01074% to 25.4 on 23 January 2021 and +0.02213% on a weekly basis. Norway ETF momentum was last calculated at +1.0/100 indicating positive momentum. Norway ETF trend is +0.75/100 indicating a positive trend. Norway ETF momentum exhaustion is 1.64988 indicating Norway ETF is oversold.Norway 10-Year Bond Yield closed up by 0.0% to 0.951 on 23 January 2021 and +-0.01451% on a weekly basis. Norway 10-Year Bond Yield momentum was last calculated at +0.0/100 indicating positive momentum. Norway 10-Year Bond Yield trend is +0.75/100 indicating a positive trend. Norway 10-Year Bond Yield momentum exhaustion is 0.57682 indicating Norway 10-Year Bond Yield is oversold.Norwegian Krone US Dollar (NOK/USD) closed up by 0.0023% to 8.598 on 23 January 2021 and +-0.00349% on a weekly basis. Norwegian Krone US Dollar (NOK/USD) momentum was last calculated at -0.5/100 indicating negative momentum. Norwegian Krone US Dollar (NOK/USD) trend is -1.0/100 indicating a negative trend. Norwegian Krone US Dollar (NOK/USD) momentum exhaustion is -1.39952 indicating Norwegian Krone US Dollar (NOK/USD) is oversold.Norway Credit Default Swaps closed up by 0.0% to 11.0 on 23 January 2021 and +-0.05983% on a weekly basis. Norway Credit Default Swaps momentum was last calculated at -0.5/100 indicating negative momentum. Norway Credit Default Swaps trend is -0.75/100 indicating a negative trend. Norway Credit Default Swaps momentum exhaustion is -0.81023 indicating Norway Credit Default Swaps is oversold.

Norway News

Norway Economy

Norway’s gdp growth annual decreased to -0.2 by -95.0% on July 2020 from -4.0 in the previous Quarterly. On a year on year basis Norway’s gdp growth annual decreased by -105.88%. Norway’s gdp growth annual trend is down since the current value of -0.2 is lower than the 12 month moving average of 0.541667.Norway’s inflation cpi decreased to 0.7 by -58.82% on November 2020 from 1.7 in the previous Monthly. On a year on year basis Norway’s inflation cpi decreased by -56.25%. Norway’s inflation cpi trend is down since the current value of 0.7 is lower than the 12 month moving average of 1.275.Norway’s unemployment rate decreased to 5.2 by -1.89% on September 2020 from 5.3 in the previous Monthly. On a year on year basis Norway’s unemployment rate increased by 33.33%. Norway’s unemployment rate trend is down since the current value of 5.2 is lower than the 12 month moving average of 4.33333.Norway’s manufacturing pmi decreased to 51.9 by -2.81% on November 2020 from 53.4 in the previous Monthly. On a year on year basis Norway’s manufacturing pmi decreased by -3.53%. Norway’s manufacturing pmi trend is down since the current value of 51.9 is lower than the 12 month moving average of 48.46.Norway’s building permits icnreased to 3028.0 by 2.82% on November 2020 from 2945.0 in the previous Monthly. On a year on year basis Norway’s building permits increased by 12.31%. Norway’s building permits trend is down since the current value of 3028.0 is lower than the 12 month moving average of 2417.67.Norway’s business confidence decreased to 1.7 by -117.71% on July 2020 from -9.6 in the previous Quarterly. On a year on year basis Norway’s business confidence decreased by -55.26%. Norway’s business confidence trend is down since the current value of 1.7 is lower than the 12 month moving average of 2.45833.Norway’s consumer confidence icnreased to -11.5 by 15.0% on December 2020 from -10.0 in the previous Quarterly. On a year on year basis Norway’s consumer confidence decreased by -164.61%. Norway’s consumer confidence trend is down since the current value of -11.5 is lower than the 12 month moving average of 8.41667.

Norway Business activity

Norway’s business confidence decreased to 1.7 by -117.71% on July 2020 from -9.6 in the previous Quarterly. On a year on year basis Norway’s business confidence decreased by -55.26%. Norway’s business confidence trend is down since the current value of 1.7 is lower than the 12 month moving average of 2.45833.Norway’s manufacturing pmi decreased to 51.9 by -2.81% on November 2020 from 53.4 in the previous Monthly. On a year on year basis Norway’s manufacturing pmi decreased by -3.53%. Norway’s manufacturing pmi trend is down since the current value of 51.9 is lower than the 12 month moving average of 48.46.

Norway Consumer activity

Norway’s consumer confidence icnreased to -11.5 by 15.0% on December 2020 from -10.0 in the previous Quarterly. On a year on year basis Norway’s consumer confidence decreased by -164.61%. Norway’s consumer confidence trend is down since the current value of -11.5 is lower than the 12 month moving average of 8.41667.Norway’s car registrations decreased to 14943.0 by -2.06% on November 2020 from 15258.0 in the previous Monthly. On a year on year basis Norway’s car registrations increased by 31.06%. Norway’s car registrations trend is down since the current value of 14943.0 is lower than the 12 month moving average of 12529.0.

Norway Manufacturing activity

Norway’s manufacturing pmi decreased to 51.9 by -2.81% on November 2020 from 53.4 in the previous Monthly. On a year on year basis Norway’s manufacturing pmi decreased by -3.53%. Norway’s manufacturing pmi trend is down since the current value of 51.9 is lower than the 12 month moving average of 48.46.Norway’s industrial production decreased to 6.3 by -24.1% on September 2020 from 8.3 in the previous Monthly. On a year on year basis Norway’s industrial production decreased by -177.78%. Norway’s industrial production trend is down since the current value of 6.3 is lower than the 12 month moving average of 3.45.Norway’s industrial production mom decreased to -1.7 by -254.55% on September 2020 from 1.1 in the previous Monthly. On a year on year basis Norway’s industrial production mom decreased by -440.0%. Norway’s industrial production mom trend is down since the current value of -1.7 is lower than the 12 month moving average of 0.566667.Norway’s capacity utilization icnreased to 76.8 by 1.05% on July 2020 from 76.0 in the previous Quarterly. On a year on year basis Norway’s capacity utilization decreased by -1.41%. Norway’s capacity utilization trend is down since the current value of 76.8 is lower than the 12 month moving average of 78.425.

Norway Retail Sector

Norway’s retail sales icnreased to 13.8 by 30.19% on November 2020 from 10.6 in the previous Monthly. On a year on year basis Norway’s retail sales increased by 1871.43%. Norway’s retail sales trend is down since the current value of 13.8 is lower than the 12 month moving average of 6.725.Norway’s retail sales MoM icnreased to 2.9 by 141.67% on November 2020 from 1.2 in the previous Monthly. On a year on year basis Norway’s retail sales MoM increased by 163.64%. Norway’s retail sales MoM trend is down since the current value of 2.9 is lower than the 12 month moving average of 1.05.

Norway Construction Sector

Norway’s building permits icnreased to 3028.0 by 2.82% on November 2020 from 2945.0 in the previous Monthly. On a year on year basis Norway’s building permits increased by 12.31%. Norway’s building permits trend is down since the current value of 3028.0 is lower than the 12 month moving average of 2417.67.Norway’s new home sales decreased to 8095.0 by -19.41% on November 2020 from 10045.0 in the previous Monthly. On a year on year basis Norway’s new home sales increased by 13.15%. Norway’s new home sales trend is down since the current value of 8095.0 is lower than the 12 month moving average of 8194.5.Norway’s housing starts icnreased to 2615.0 by 0.65% on November 2020 from 2598.0 in the previous Monthly. On a year on year basis Norway’s housing starts increased by 8.1%. Norway’s housing starts trend is down since the current value of 2615.0 is lower than the 12 month moving average of 2390.42.Norway’s housing index decreased to 285.26 by -0.15% on November 2020 from 285.69 in the previous Quarterly. On a year on year basis Norway’s housing index increased by 7.81%. Norway’s housing index trend is down since the current value of 285.26 is lower than the 12 month moving average of 276.95.

Norway GDP

Norway’s Real GDP icnreased to 893869.0 by 4.61% on July 2020 from 854517.0 in the previous Quarterly. On a year on year basis Norway’s Real GDP increased by 7.79%. Norway’s Real GDP trend is down since the current value of 893869.0 is lower than the 12 month moving average of 846087.0.Norway’s gdp growth annual decreased to -0.2 by -95.0% on July 2020 from -4.0 in the previous Quarterly. On a year on year basis Norway’s gdp growth annual decreased by -105.88%. Norway’s gdp growth annual trend is down since the current value of -0.2 is lower than the 12 month moving average of 0.541667.Norway’s gdp decreased to 403.336 by -7.1% on January 2019 from 434.167 in the previous Yearly. On a year on year basis Norway’s gdp increased by 0.6%. Norway’s gdp trend is down since the current value of 403.336 is lower than the 12 month moving average of 441.39.Norway’s gdp growth decreased to 4.6 by -197.87% on July 2020 from -4.7 in the previous Quarterly. On a year on year basis Norway’s gdp growth increased by 557.14%. Norway’s gdp growth trend is down since the current value of 4.6 is lower than the 12 month moving average of 0.166667.

Norway inflation

Norway’s inflation cpi decreased to 0.7 by -58.82% on November 2020 from 1.7 in the previous Monthly. On a year on year basis Norway’s inflation cpi decreased by -56.25%. Norway’s inflation cpi trend is down since the current value of 0.7 is lower than the 12 month moving average of 1.275.Norway’s core inflation rate decreased to 2.9 by -14.71% on November 2020 from 3.4 in the previous Monthly. On a year on year basis Norway’s core inflation rate increased by 45.0%. Norway’s core inflation rate trend is down since the current value of 2.9 is lower than the 12 month moving average of 2.88333.Norway’s consumer price index cpi decreased to 112.4 by -0.71% on November 2020 from 113.2 in the previous Monthly. On a year on year basis Norway’s consumer price index cpi increased by 0.72%. Norway’s consumer price index cpi trend is down since the current value of 112.4 is lower than the 12 month moving average of 112.05.Norway’s Producer Price Index icnreased to 105.1 by 4.47% on November 2020 from 100.6 in the previous Monthly. On a year on year basis Norway’s Producer Price Index decreased by -3.4%. Norway’s Producer Price Index trend is down since the current value of 105.1 is lower than the 12 month moving average of 100.508.Norway’s PPI Index decreased to -3.4 by -43.33% on November 2020 from -6.0 in the previous Monthly. On a year on year basis Norway’s PPI Index decreased by -64.21%. Norway’s PPI Index trend is down since the current value of -3.4 is lower than the 12 month moving average of -9.875.

Norway Government Policy

Norway’s Government budget decreased to -58321.0 by -48.96% on May 2020 from -114258.0 in the previous Quarterly. On a year on year basis Norway’s Government budget increased by 903.46%. Norway’s Government budget trend is down since the current value of -58321.0 is lower than the 12 month moving average of -11966.7.Norway’s government revenues icnreased to 302533.0 by 1.53% on May 2020 from 297964.0 in the previous Quarterly. On a year on year basis Norway’s government revenues increased by 7.65%. Norway’s government revenues trend is down since the current value of 302533.0 is lower than the 12 month moving average of 335382.0.Norway’s fiscal expenditure decreased to 360854.0 by -12.46% on May 2020 from 412222.0 in the previous Quarterly. On a year on year basis Norway’s fiscal expenditure increased by 25.8%. Norway’s fiscal expenditure trend is down since the current value of 360854.0 is lower than the 12 month moving average of 347349.0.

Norway Monetary Policy

Norway’s interest rate decreased to 0.25 by -75.0% on March 2020 from 1.0 in the previous Daily. On a year on year basis Norway’s interest rate decreased by -80.0%. Norway’s interest rate trend is down since the current value of 0.25 is lower than the 12 month moving average of 1.25.Norway’s central bank balance sheet decreased to 11293800.0 by -1.96% on May 2020 from 11519100.0 in the previous Monthly. On a year on year basis Norway’s central bank balance sheet increased by 17.82%. Norway’s central bank balance sheet trend is down since the current value of 11293800.0 is lower than the 12 month moving average of 10735600.0.Norway’s money supply m2 icnreased to 2638780.0 by 0.81% on October 2020 from 2617640.0 in the previous Monthly. On a year on year basis Norway’s money supply m2 increased by 11.91%. Norway’s money supply m2 trend is down since the current value of 2638780.0 is lower than the 12 month moving average of 2505430.0.

Norway Employment

Norway’s unemployment rate decreased to 5.2 by -1.89% on September 2020 from 5.3 in the previous Monthly. On a year on year basis Norway’s unemployment rate increased by 33.33%. Norway’s unemployment rate trend is down since the current value of 5.2 is lower than the 12 month moving average of 4.33333.Norway’s youth unemployment rate icnreased to 13.1 by 1.55% on September 2020 from 12.9 in the previous Monthly. On a year on year basis Norway’s youth unemployment rate increased by 29.7%. Norway’s youth unemployment rate trend is down since the current value of 13.1 is lower than the 12 month moving average of 11.25.Norway’s long term unemployment rate icnreased to 0.9 by 12.5% on July 2020 from 0.8 in the previous Quarterly. On a year on year basis Norway’s long term unemployment rate decreased by -10.0%. Norway’s long term unemployment rate trend is down since the current value of 0.9 is lower than the 12 month moving average of 0.933333.

Norway Trade & Capital Flows

Norway’s current account icnreased to 9906.0 by 243.6% on July 2020 from 2883.0 in the previous Quarterly. On a year on year basis Norway’s current account decreased by -64.78%. Norway’s current account trend is down since the current value of 9906.0 is lower than the 12 month moving average of 37042.7.Norway’s current account to gdp decreased to 4.1 by -42.25% on February 2018 from 7.1 in the previous Yearly. On a year on year basis Norway’s current account to gdp decreased by -66.39%. Norway’s current account to gdp trend is down since the current value of 4.1 is lower than the 12 month moving average of 9.28333.Norway’s exports icnreased to 71460.0 by 1.31% on November 2020 from 70536.0 in the previous Monthly. On a year on year basis Norway’s exports decreased by -17.0%. Norway’s exports trend is down since the current value of 71460.0 is lower than the 12 month moving average of 65508.2.Norway’s imports icnreased to 71251.0 by 4.87% on November 2020 from 67939.0 in the previous Monthly. On a year on year basis Norway’s imports increased by 13.0%. Norway’s imports trend is down since the current value of 71251.0 is lower than the 12 month moving average of 63272.2.Norway’s balance of trade decreased to 209.0 by -91.95% on November 2020 from 2597.0 in the previous Monthly. On a year on year basis Norway’s balance of trade decreased by -99.09%. Norway’s balance of trade trend is down since the current value of 209.0 is lower than the 12 month moving average of 2236.17.Norway’s capital flows icnreased to 48861.0 by 289.83% on September 2020 from 12534.0 in the previous Quarterly. On a year on year basis Norway’s capital flows decreased by -412.79%. Norway’s capital flows trend is down since the current value of 48861.0 is lower than the 12 month moving average of 41358.8.Norway’s foreign direct investment decreased to -34300.0 by -55.25% on April 2020 from -76651.0 in the previous Quarterly. On a year on year basis Norway’s foreign direct investment decreased by -1975.34%. Norway’s foreign direct investment trend is down since the current value of -34300.0 is lower than the 12 month moving average of -4864.42.

Norway Reserves

Norway’s foreign exchange reserves decreased to 649173.0 by -7.27% on November 2020 from 700035.0 in the previous Monthly. On a year on year basis Norway’s foreign exchange reserves increased by 4.35%. Norway’s foreign exchange reserves trend is down since the current value of 649173.0 is lower than the 12 month moving average of 666531.0.Norway’s Gold Reserves Norway’s Gold Reserves trend is down since the current value of nan is lower than the 12 month moving average of nan.Norway’s government debt icnreased to 743263.0 by 17.1% on May 2020 from 634724.0 in the previous Quarterly. On a year on year basis Norway’s government debt increased by 24.59%. Norway’s government debt trend is down since the current value of 743263.0 is lower than the 12 month moving average of 605484.0.Norway’s government debt to gdp icnreased to 40.6 by 3.05% on January 2019 from 39.4 in the previous Yearly. On a year on year basis Norway’s government debt to gdp decreased by -17.14%. Norway’s government debt to gdp trend is down since the current value of 40.6 is lower than the 12 month moving average of 36.5083.Norway’s external debt decreased to 6239410.0 by -1.41% on March 2020 from 6328880.0 in the previous Quarterly. On a year on year basis Norway’s external debt increased by 17.89%. Norway’s external debt trend is down since the current value of 6239410.0 is lower than the 12 month moving average of 5665560.0.

Norway Debt

Norway’s government debt icnreased to 743263.0 by 17.1% on May 2020 from 634724.0 in the previous Quarterly. On a year on year basis Norway’s government debt increased by 24.59%. Norway’s government debt trend is down since the current value of 743263.0 is lower than the 12 month moving average of 605484.0.Norway’s government debt to gdp icnreased to 40.6 by 3.05% on January 2019 from 39.4 in the previous Yearly. On a year on year basis Norway’s government debt to gdp decreased by -17.14%. Norway’s government debt to gdp trend is down since the current value of 40.6 is lower than the 12 month moving average of 36.5083.Norway’s external debt decreased to 6239410.0 by -1.41% on March 2020 from 6328880.0 in the previous Quarterly. On a year on year basis Norway’s external debt increased by 17.89%. Norway’s external debt trend is down since the current value of 6239410.0 is lower than the 12 month moving average of 5665560.0.

Norway Banking activity

Norway’s interbank rate icnreased to 1.67 by 8.64% on September 2019 from 1.62 in the previous Daily. On a year on year basis Norway’s interbank rate increased by 5.39%. Norway’s interbank rate trend is down since the current value of 1.67 is lower than the 12 month moving average of 1.66083.Norway’s deposit interest rate On a year on year basis Norway’s deposit interest rate decreased by -200.0%. Norway’s deposit interest rate trend is down since the current value of 0.5 is lower than the 12 month moving average of -0.0208333.Norway’s balance of trade decreased to 209.0 by -91.95% on November 2020 from 2597.0 in the previous Monthly. On a year on year basis Norway’s balance of trade decreased by -99.09%. Norway’s balance of trade trend is down since the current value of 209.0 is lower than the 12 month moving average of 2236.17.Norway’s loan growth decreased to 4.5 by -2.17% on October 2020 from 4.6 in the previous Monthly. On a year on year basis Norway’s loan growth decreased by -19.64%. Norway’s loan growth trend is down since the current value of 4.5 is lower than the 12 month moving average of 4.81667.Norway’s loans to private sector icnreased to 1922170.0 by 0.44% on October 2020 from 1913730.0 in the previous Monthly. On a year on year basis Norway’s loans to private sector increased by 3.61%. Norway’s loans to private sector trend is down since the current value of 1922170.0 is lower than the 12 month moving average of 1891050.0.Norway’s lending rate decreased to 1.0 by -20.0% on May 2020 from 1.25 in the previous Monthly. On a year on year basis Norway’s lending rate decreased by -50.0%. Norway’s lending rate trend is down since the current value of 1.0 is lower than the 12 month moving average of 2.13542.