Norwegian Households' Inflation Expectations Rise In Q4

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Norwegian households expects inflation at 3.5% in next twelve months, a quarterly survey for the central bank showed on Wednesday. It was up from 3.1% said in the third quarter survey. Eight out of ten households believe interest rate would rise over the next twelve months.

Meanwhile, Norway's business leaders expect inflation to be at 2.4% in next one year, up 0.1 percentage points from the previous quarter. They see inflation at 3.6% in next two years.

However, economists' expectations is lower than households' and business leaders'. They see inflation at 2.1%, up from 2% in the third quarter survey.

More than half of business leaders continue to report a decline in profitability in the fourth quarter. In addition, the proportion of business leaders expecting a decline in profitability increased in the final quarter. The number of leaders expecting poor profitability increased to 28.7% from 23.5%.

Norwegian households expects inflation at 3.5% in next twelve months, a quarterly survey for the central bank showed on Wednesday. It was up from 3.1% said in the third quarter survey. Eight out of ten households believe interest rate would rise over the next twelve months. (Market News Provided by RTTNews)