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Monetary policy and the outlook for the Norwegian economy PowerPoint Presentation
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Monetary policy and the outlook for the Norwegian economy

Monetary policy and the outlook for the Norwegian economy

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Monetary policy and the outlook for the Norwegian economy

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  1. Monetary policy and the outlook for the Norwegian economy Governor Svein Gjedrem Hammerfest 10 October 2005

  2. Less unemployment in all regionsDevelopments in unemployed andpersons participating in ordinary labour market programmes.Seasonally adjusted monthly figures. Per cent North Central Norway East North-West South-West Inland South Sources: Directorate of Labour and Norges Bank

  3. Employment by industry Region North and the country as a wholeAs a percentage of total employment (2004 Q4) Public administration and other services Retail trade, hotel and restaurant Commercial services Manufacturing Agriculture, forestry, fishing Transport, communications Construction Extraction of oil and gas Financial services Utilities Source: Statistics Norway

  4. Norges Bank’s regional network Region North: Generally positive development • Growth in demand and production continues • Moderate to solid growth in investment • Employment generally unchanged • Stable to moderate growth in profitability • In general moderate rise in prices (expected to remain at the same level) Source: Norges Bank