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Statistics Norway – official statistics about Norwegian society since 1876

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News

Continued increase in building and construction industry

The activity in the building and construction industry continued to rise in the 2nd quarter of 2017. Overall, the seasonally-adjusted figures showed 0.9 per cent growth.

Increase in mainland exports

Exports of goods accounted for NOK 60.7 billion in July, 2.3 per cent more than in July last year. Mainland exports increased while income from crude oil declined.

Good results for banks

Norwegian banks’ pre-tax profit amounted to NOK 28.4 billion in the 1st half of 2017. This is an increase of NOK 1.6 billion from the 1st half of 2016.

Norwegian economy

Economic Survey 2-2017

Interim seasonally adjusted quarterly national accounts figures (QNA) show an upswing in economic growth in the first quarter of 2017. Mainland GDP increased by an annualised 2.6 per cent, which is higher than estimated trend growth of 2 per cent. It is still too early to be certain that this represents an economic turnaround following the slump in the wake of the fall in oil prices in the second half of 2014, but our projections indicate that this is the case.