OSLO, Sept 14 (Reuters) – Norwegian enterprise sector exercise has elevated considerably throughout the previous three months and can proceed to broaden throughout the subsequent half 12 months, a central financial institution enterprise survey confirmed on Tuesday.
“On the similar time, near half of the contacts are dealing with capability constraints,” the central financial institution stated in an announcement.
Norges Financial institution is extensively anticipated to boost rates of interest at a financial coverage assembly subsequent week, from a report low 0%, and has said it might hike thrice extra by mid-2022 if the economic system develops as anticipated.
“Contacts report increased output progress in all sectors over the previous three months. The rise has been most pronounced in manufacturing and family providers,” Norges Financial institution stated in an announcement accompanying the quarterly sentiment index.
The Norwegian economic system has accelerated due to a gradual lifting of COVID-19 restrictions, and policy-makers and analysts count on above-trend progress for a number of extra years. read more
Norway’s crown foreign money traded largely unchanged on the information at 10.17 towards the euro at 0810 GMT.
Reporting by Terje Solsvik, enhancing by Gwladys Fouche
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