This is ein decline of 0.1 percent from the previous quarter and ein halving of growth in the fourth quarter. Norges Bank had anticipated that GDP growth would be 0.1 percent.
Analytikarane is our joint that it is the weak development in the oil industry as no proves. Chief economist Erik Bruce in Nordea Market is not surprised over SSB figures for the quarterly national accounts or.
Consumption Growth
– The main picture is that growth in Norway has slowed Much but that we avoid recession shallows ein healthy growth in private and public consumption. The surprise must be that employment increased by 0.2 per cent this quarter, says Bruce in ein comment.
SSB-tala show an increase in employment of 5,500 persons from April through June. The consumption (consumption) in household increased by 0.6 percent. Consumption growth in the public sector is in line with the 0.5 percent in local government and 0.6 percent in state administration.
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