Analysts at TD Securities suggest that while some sectors of the Norwegian economy remain a drag on growth (eg, energy production), TDS still see healthy figures for both the quarterly and monthly prints out today, with q/q GDP at 0.5% (mkt: 0.5%) supported by a very good September monthly GDP print of 0.4% m/m.
Key Quotes
“The Norges Bank’s Regional Network Survey–a good indicator for GDP growth–continues to point to very strong momentum through the second half of this year. Deputy Governor Nicolaisen speaks at 1pm GMT in Paris.”
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