Financial News: Norway GDP Rebounds 0.4% In Q1

Norway GDP Rebounds 0.4% In Q1

05/28/2026 - 04:29:00 (RTTNews)

(RTTNews) - Norway's economy expanded in the first quarter after a renewed contraction in the previous quarter, Statistics Norway said on Thursday.

Gross domestic product rose 0.4 percent sequentially in the first quarter, reversing a 0.6 percent decrease in the fourth quarter.

During the March quarer, petroleum activities and ocean transport logged an expansion of 1.0 percent compared to the December quarter.

The expenditure breakdown showed that general government consumption advanced 0.4 percent from the previous quarter, while household consumption expenditure declined 1.1 percent. Gross fixed capital formation, or investments, fell notably by 7.2 percent. Both exports and imports dropped by 1.4 percent and 1.1 percent, respectively.

On an annual basis, the economic growth moderated to 1.7 percent from 2.0 percent in the previous quarter.

Mainland Norway logged a stable quarterly growth of 0.2 percent versus an expected increase of 0.3 percent.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

U.S. Retail Sales Climb Much More Than Expected In May (46 min(s), 40 sec(s) ago)
(RTTNews) - Retail sales in the U.S. increased by much more than expected in the month of May, acc ...Full Story»

Sweden Maintains Policy Rate At 1.75% (01 hr(s), 24 min(s), 40 sec(s) ago)
(RTTNews) - Sweden's central bank left its interest rate unchanged on Wednesday but the bank h ...Full Story»

South Africa Retail Sales Growth Weakest In 19 Months (01 hr(s), 58 min(s), 40 sec(s) ago)
(RTTNews) - South Africa's retail sales growth moderated to the lowest level in just over one- ...Full Story»

Irish Trade Surplus Shrinks On Weaker Exports (02 hr(s), 24 min(s), 40 sec(s) ago)
(RTTNews) - Ireland's foreign trade surplus decreased in May from a year ago as exports plunge ...Full Story»

Eurozone Inflation Confirmed At 3.2% (02 hr(s), 49 min(s), 40 sec(s) ago)
(RTTNews) - Eurozone inflation matched the flash estimate in May, while core inflation accelerated ...Full Story»

UK Inflation Unchanged At 2.8% Ahead Of BoE Decision (03 hr(s), 17 min(s), 40 sec(s) ago)
(RTTNews) - Despite transport cost pressures, UK consumer price inflation remained stable in May, ...Full Story»

Hungary Wage Growth Eases To 9.0% In April (04 hr(s), 35 min(s), 40 sec(s) ago)
(RTTNews) - Hungary's average gross earnings growth eased to the lowest level in four months, ...Full Story»

South Africa Inflation Climbs To 22-month High (04 hr(s), 50 min(s), 40 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated further in May to the highest ...Full Story»