Norway GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on Norwegian economic health.
Actual
1.5%
Forecast
0.6%
Previous
-0.4%
Norway GDP Growth Rate for Q4 came in at 1.5% versus 0.6% expected (previous -0.4%), above forecast, which was positive for the NOK.
What it meant for the NOK
The actual landed above the 0.6% forecast (0.9 above expectations). A reading above forecast is generally bullish for the NOK, and below forecast bearish. On this release the read was positive for the NOK.
New to this release? See what Norway GDP Growth Rate measures, the next release and its full history.