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National accounts and business cycles: National accounts
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Unchanged PPI from June to July
The total PPI was unchanged from June to July 2020. Price increases in refined petroleum products and crude oil evened out the downturn in other groups within energy goods and manufacturing industries.
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Continued downturn in PPI
The producer price index (PPI) fell in June for the sixth month in a row. The downturn came both outside and inside the energy goods.
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Increase in Mainland GDP in May
Mainland Norway's GDP rose 2.4 per cent from April to May, adjusted for normal seasonal fluctuations. The growth came after two months of sharp decline following the outbreak of the Corona pandemic and subsequent infection control measures. Despit...
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Continued drop in PPI
Heavy price falls on natural gas and refined petroleum products lead to a decrease of 2.7 percent in the producer price index for May. This comes despite a solid increase in prices on crude oil this month.
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Mainland Norway's GDP fell 4.7 percent in April
This follows a 6.9 per cent fall from February to March, and Mainland GDP was thus 11.3 per cent lower in April than in February. The underlying data indicates some increase in economic activity towards the end of the month.
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Strong balance of income and current transfers
Balance of income and current transfers were measured at almost NOK 39 billion in the 1st quarter of 2020. This is the highest ever measured in a quarter. Investment income is contributing with net income of NOK 46 billion while net current transf...
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Mainland GDP fell slightly more in March than first projected
Seasonally adjusted figures from the National Accounts show a 2.1 per cent decline in mainland-GDP in Q1 and 6.9 per cent from February to March. The development in March, when COVID-19 infection control measures were implemented, pulled down Q1 g...
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Energy prices continue to drop
Significant price reductions on most energy goods caused a further decrease in the Producer Price Index in April. Natural gas had a positive price development, but only due to a weak Norwegian krone.
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Preliminary figures show a 6.4 per cent decline in Mainland GDP for March
The Norwegian economy came to a halt in the second half of March 2020. Preliminary figures from the National Accounts show a 6.4 per cent fall in mainland GDP in March, adjusted for normal seasonal variations. This translates to a 1.9 per cent dec...
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An uneasy world made its mark on PPI
March saw the largest monthly decrease in producer price index (PPI) in over 15 years. Uncertainties relating to the corona pandemic and the petroleum markets' are the main causes of this downturn.
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Slow growth in the mainland economy continues
Seasonally adjusted figures from the National accounts show a 0.1 per cent growth in gross domestic product (GDP) for mainland Norway from September-November to December-February. The growth rate is thus unchanged from January. The monthly growth ...
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Downturn in export prices in February
The producer price index (PPI) fell by 3.3 per cent from January to February. Reduced export prices on oil and gas had the largest impact, but reduced electricity prices were another contributing factor.
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Slow growth in the mainland economy
Seasonally adjusted figures from the National accounts show a 0.1 percent growth in gross domestic product (GDP) for mainland Norway from August-October to November-January. The growth rate is thus unchanged from the previous three-month period. T...
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Weak current account balance
The current account balance is estimated at NOK 19 billion in the preliminary figures for 2019. We need to go back to 4th quarter of 2017 to find equally low figures.
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Electricity prices drove PPI down
The first month of the decade resulted in a downturn in the producer price index (PPI). The lion’s share of this downturn came from most of the energy goods. A smaller dip in the prices on crude oil and natural gas was joined by a larger fall in p...
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