- Advertisement -Newspaper WordPress Theme
InvestmentsNorway Q3 GDP rises more than forecast as lockdown lifted By Reuters

Norway Q3 GDP rises more than forecast as lockdown lifted By Reuters

© Reuters. FILE PHOTO: Norwegian flags flutter at Karl Johans road in Oslo, Norway, May 31, 2017. REUTERS/Ints Kalnins/File Photo

OSLO (Reuters) – The Norwegian mainland economic system grew at a faster-than-expected tempo within the July-September quarter, accelerating from the early components of 2021 as COVID-19 lockdowns have been lifted, Statistics Norway (SSB) information confirmed on Friday.

Third-quarter mainland GDP, a measure which excludes oil and gasoline manufacturing, rose 2.6% in contrast with the April-June interval, SSB stated, whereas a Reuters ballot of analysts had predicted a rise of two.5%.

Norway started lifting its coronavirus lockdown measures within the second quarter and eliminated the ultimate home restrictions by the tip of September, permitting companies to thrive and setting the stage for a pointy financial restoration.

“The growth in the third quarter is mainly due to service industries which have been hit hard during the pandemic,” SSB economist Paal Sletten stated in an announcement.

The Norwegian central financial institution in September raised rates of interest for the primary time in two years and plans a sequence of charge hikes within the coming years.

The second-quarter mainland GDP studying was revised to 1.1% from 1.4% initially.

Disclaimer: Fusion Media want to remind you that the information contained on this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Forex costs usually are not offered by exchanges however slightly by market makers, and so costs will not be correct and should differ from the precise market worth, that means costs are indicative and never acceptable for buying and selling functions. Therefore Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur as a results of utilizing this information.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm as a results of reliance on the data together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding kinds doable.


Please enter your comment!
Please enter your name here

Exclusive content

- Advertisement -Newspaper WordPress Theme

Latest article

More article

- Advertisement -Newspaper WordPress Theme