Erik Johannes Bruce, analyst at Nordea Markets, notes that the Norway’s mainland GDP grew by 0.3% q/q in Q1, below consensus of 0.4% and Norges Bank’s estimate of 0.6%, while the Q4 GDP was revised up from 0.9 to 1.1%. Key Quotes “The Q1 figure was pulled down approximately 0.3% point by falling electricity production and poor fishery. At the same time Q4 was pulled up by temporary factors. That explains why growth went from 1.1% to 0.3%.” “The underlying picture is strong. Year on year mainland GDP is up 2.4% which is the current trend.” “Norges Bank signaled that is was prepared for Q1 growth below its March forecast at the meeting in May. It will say that todays’ figure is well in line with its view. It could actually give most weight to employment which grew by 0.5% q/q above its forecast at 0.4%.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK: Brexit talks with the EU reopening? – Deutsche Bank FX Street 3 years Erik Johannes Bruce, analyst at Nordea Markets, notes that the Norway's mainland GDP grew by 0.3% q/q in Q1, below consensus of 0.4% and Norges Bank's estimate of 0.6%, while the Q4 GDP was revised up from 0.9 to 1.1%. Key Quotes "The Q1 figure was pulled down approximately 0.3% point by falling electricity production and poor fishery. At the same time Q4 was pulled up by temporary factors. That explains why growth went from 1.1% to 0.3%." "The underlying picture is strong. Year on year mainland GDP is up 2.4% which is the current trend." "Norges Bank signaled that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
