FOREX TradingCharts.com

Financial News: Mainland Norway GDP Rebounds Strongly In Q1

Mainland Norway GDP Rebounds Strongly In Q1

05/15/2025 - 06:15:00 (RTTNews)

(RTTNews) - The mainland Norwegian economy expanded more-than-expected in the first quarter after a renewed contraction in the previous quarter, figures from Statistics Norway showed Thursday.

Gross domestic product advanced 1.0 percent sequentially in the March quarter, reversing a 0.4 percent fall in the fourth quarter.

Economists had forecast a 0.6 percent increase. Moreover, this was the strongest quarterly growth since early 2022.

The increase in the first quarter was broadly based, but the growth was particularly strong in power production and retail trade, the agency said.

On the expenditure side, general government consumption showed a steady and continued growth, and household consumption rose 1.6 percent, driven by car consumption. Meanwhile, investments in general government decreased in the first quarter.

Data showed that overall GDP decreased 0.1 percent in the first quarter, though slower than the 0.9 percent fall in the preceding quarter.

On a yearly basis, the Norwegian economy shrank 0.4 percent, following a 0.3 percent decline seen in the December quarter.

Separate official data showed that Norway's foreign trade surplus declined to NOK 55.9 billion in April from NOK 61.7 billion in the corresponding month last year.

Both exports and imports fell by 7.3 percent and 5.9 percent, respectively.

Data showed that Mainland trade deficit narrowed to NOK 25.1 billion in April from NOK 31.9 billion in March.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2025 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economic News Preview: Germany Industrial Output, Foreign Trade Data Due (13 min(s), 10 sec(s) ago)
(RTTNews) - Industrial production and foreign trade from Germany and house prices from the UK are ...Full Story»

Japan Household Spending Sinks 1.8% In April (12 min(s), 50 sec(s) ago)
(RTTNews) - The average of household spending in Japan was down a seasonally adjusted 1.8 percent ...Full Story»

Australia Building Approval Data Due On Friday (27 min(s), 50 sec(s) ago)
(RTTNews) - Australia will on Friday release April figures for building approvals, highlighting a ...Full Story»

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered (07 min(s), 50 sec(s) ago)
(RTTNews) - The European Central Bank slashed its interest rates by 25 basis points on Thursday, i ...Full Story»

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered (05 min(s), 50 sec(s) ago)
(RTTNews) - The European Central Bank slashed its interest rates by 25 basis points on Thursday, i ...Full Story»

Treasury Reveals Details Of Long-Term Securities Auctions (03 min(s), 50 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday revealed the details of this month's auctions ...Full Story»

Austria Wholesale Prices Fall 0.5% (09 min(s), 50 sec(s) ago)
(RTTNews) - Austria's wholesale prices decreased for the fourth successive month in May, figur ...Full Story»

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated (28 min(s), 50 sec(s) ago)
(RTTNews) - Revised data released by the Labor Department on Thursday showed U.S. labor productivi ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economic News Preview: Germany Industrial Output, Foreign Trade Data Due

06/06/2025 - 01:19 AM (RTTNews)
(RTTNews) - Industrial production and foreign trade from Germany and house prices from the UK are ...Full Story>>

Japan Household Spending Sinks 1.8% In April

06/05/2025 - 19:45 PM (RTTNews)
(RTTNews) - The average of household spending in Japan was down a seasonally adjusted 1.8 percent ...Full Story>>

Australia Building Approval Data Due On Friday

06/05/2025 - 18:00 PM (RTTNews)
(RTTNews) - Australia will on Friday release April figures for building approvals, highlighting a ...Full Story>>

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

06/05/2025 - 15:40 PM (RTTNews)
(RTTNews) - The European Central Bank slashed its interest rates by 25 basis points on Thursday, i ...Full Story>>

ECB Cuts Interest Rates By 25 Bps As Inflation Forecasts Lowered

06/05/2025 - 15:38 PM (RTTNews)
(RTTNews) - The European Central Bank slashed its interest rates by 25 basis points on Thursday, i ...Full Story>>

Do not sell my personal information

Copyright © 2025. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.