Norway: Total GDP slows in Q3 on weaker oil activity

In the third quarter, total GDP rose a seasonally-adjusted 0.7% over the previous period, undershooting the revised 1.4% increase tallied in the second quarter (previously reported: +0.8% quarter-on-quarter). The print exceeded the 0.6% expansion market analysts had expected. According to the statistical institute, total GDP was dragged down by a slower expansion in petroleum activities and ocean transport. On an annual basis, total GDP growth inched up from 2.0% in Q2 to 2.1% in Q3, marking the strongest result since Q2 2012.

Read more about Norwegian GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s