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Norwegian industrial managers report a production decline compared with the first quarter of 2017, still driven by suppliers
to petroleum related manufacturing. The general expectations for the third quarter of 2017 are positive among most of the
Labour force participation among men decreased from the 2nd quarter of 2016 to the 2nd quarter of 2017. The decrease applied
for most of the age groups according to new figures in the statistics Labour force survey.
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.