Regional Network: Prospects for a decline in activity
The enterprises in Norges Bank’s Regional Network expect overall activity to remain unchanged in 2023 Q4 and to fall in 2024 Q1. At the same time, there are wide differences across industries. Oil services contacts indicate a pronounced increase in activity, while contacts in the construction industry expect a substantial fall.
|
|
Expected growth in Q4. Final figures. Seasonally adjusted. Percent |
Expected growth in Q1. Final figures. Seasonally adjusted. Percent |
|
Total |
0.0 |
-0.3 |
|
Manufacturing |
0.0 |
-0.2 |
|
Oil services |
2.0 |
1.7 |
|
Construction |
-1.7 |
-2.2 |
|
Retail trade |
-0.7 |
-1.1 |
|
Services |
0.2 |
0.1 |
The figures for expected growth based on the fourth round of Norges Bank’s Regional Network 2023 are being published at present due to the publication in error of some preliminary data from this round in the slides accompanying the Governor’s speech Monetary policy in the face of cost shocks.
The complete figures from the fourth round of Norges Bank’s Regional Network will be published on 7 December 2023 as previously announced.
Contact:
Press telephone: +47 21 49 09 30
Email: presse@norges-bank.no