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.

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