Norway GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Norwegian economic health.
Actual
-0.6%
Forecast
-0.3%
Previous
0.8%
Norway GDP Growth Rate for Q1 came in at -0.6% versus -0.3% expected (previous 0.8%), below forecast, which was negative for the NOK.
What it meant for the NOK
The actual landed below the -0.3% forecast (0.3 below expectations). A reading above forecast is generally bullish for the NOK, and below forecast bearish. On this release the read was negative for the NOK.
New to this release? See what Norway GDP Growth Rate measures, the next release and its full history.