Norway: All eyes on GDP data – TDS

Analysts at TD Securities suggest that while some sectors of the Norwegian economy remain a drag on growth (eg, energy production), TDS still see healthy figures for both the quarterly and monthly prints out today, with q/q GDP at 0.5% (mkt: 0.5%) supported by a very good September monthly GDP print of 0.4% m/m.

Key Quotes

“The Norges Bank's Regional Network Survey--a good indicator for GDP growth--continues to point to very strong momentum through the second half of this year. Deputy Governor Nicolaisen speaks at 1pm GMT in Paris.”