Norges Bank's regional network
Round 5 - 07
(interviews in the period 22 October - 14 November)
-3 -2 -1 0 1 2 3 4
O ct -0 2 A p r- 03
O ct -0 3 A p r- 04
O ct -0 4 A p r- 05
O ct -0 5 A p r- 06
O ct -0 6 A p r- 07
O ct -0 7 A p r- 08
-3 -2 -1 0 1 2 3 4
Last 3 months 6 months aheadRising Rising
Chart 1. Output growth
Last 3 months and 6 months ahead, annualised
(Index1. Oct 02 – Oct 07)
1) The scale runs from -5 to +5, where -5 indicates a large fall and +5 indicates strong growth. See article "Norges Bank's regional network" in Economic Bulletin3/05 for further information.
Source: Norges Bank’s regional network 3
-3 -2 -1 0 1 2 3 4 5
O ct -0 2 A p r- 03
O ct -0 3 A p r- 04
O ct -0 4 A p r- 05
O ct -0 5 A p r- 06
O ct -0 6 A p r- 07
O ct -0 7 -3 -2 -1 0 1 2 3 4 5
Rising Rising
1) The scale runs from -5 to +5, where -5 indicates a large fall and +5 indicates strong growth. See article "Norges Bank's regional network" in Economic Bulletin3/05 for further information.
Chart 2. Output growth
Manufacturing and building and construction
(Index1. Oct 02 – Oct 07)
Suppliers to the petroleum industry
Domestically oriented
manufacturing Export industry Building and
construction
Source: Norges Bank’s regional network 4
-3 -2 -1 0 1 2 3 4
O ct -0 2 A p r- 03
O ct -0 3 A p r- 04
O ct -0 4 A p r- 05
O ct -0 5 A p r- 06
O ct -0 6 A p r- 07
O ct -0 7 -3 -2 -1 0 1 2 3 4
Retail trade
Household services Corporate services
Stigende Stigende
Chart 3. Output growth Retail trade and services
(Index1. Oct. 02 – oct. 07)
1) The scale runs from -5 to +5, where -5 indicates a large fall and +5 indicates strong growth. See article "Norges Bank's regional network" in Economic Bulletin3/05 for further information.
Source: Norges Bank’s regional network 5
0 10 20 30 40 50 60 70
Ja n -0 5 M ay
-0 5 S e p- 0 5
Ja n -0 6 M ay
-0 6 S e p- 0 6
Ja n -0 7 M ay
-0 7 S e p- 0 7
0 10 20 30 40 50 60 70
Capacity utilisation
Labour supply
Chart 4. Capacity utilisation and labour supply
Share of contacts that will have some or considerable problems accommodating an (unexpected/expected) increase in demand
(Per cent. Jan 05 - Oct 07)
-5 -4 -3 -2 -1 0 1 2 3 4 5
O ct -0 2 A p r- 03
O ct -0 3 A p r- 04
O ct -0 4 A p r- 05
O ct -0 5 A p r- 06
O ct -0 6 A p r- 07
O ct -0 7
-5 -4 -3 -2 -1 0 1 2 3 4 5
Chart 5. Employment growth
Last 3 months and plans for next 3 months¹
(Per cent. Oct 02 – Oct 07)
Building and Construction
Manufacturing
1)Mixed indicator until end-2004. Changed to last 3 mos from Round 1-05.
Outlook in 3 mos Retail trade
Services
Local government and hospital sector
Source: Norges Bank’s regional network 7
-5 -4 -3 -2 -1 0 1 2 3 4 5
O ct -0 2 A p r- 03
O ct -0 3 A p r- 04
O ct -0 4 A p r- 05
O ct -0 5 A p r- 06
O ct -0 6 A p r- 07
O ct -0 7 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7
Percent Scale
2003 2004 2005 2006 2007
Chart 6. Annual wage growth
Manufacturing, building and construction, retail trade, service sector and public sector
(Per cent. Oct 02 - Oct 07)
Local government and hospital sector
Manufacturing Service sector
Building and construction
Retail trade
Source: Norges Bank’s regional network 8
-3 -2 -1 0 1 2 3 4 5
D e c- 0 2 Ju n -0 3
D e c- 0 3 Ju n -0 4
D e c- 0 4 Ju n -0 5
D e c- 0 5 Ju n -0 6
D e c- 0 6 Ju n -0 7
D e c- 0 7 -3 -2 -1 0 1 2 3 4 5
Scale Scale
Building and construction
Export industry Domestically
oriented manufacturing
Chart 7. Rise in selling prices last 12 mos
Manufacturing and building and construction
(Per cent. Oct 02 - Oct 07)
1) The scale runs from -5 to +5, where -5 indicates a large fall and +5 indicates a strong rise. See article "Norges Bank's regional network" in Economic Bulletin3/05 for further information.
Source: Norges Bank’s regional network 9
-3 -2 -1 0 1 2 3 4 5
D e c- 0 2 J un
-0 3 D e c- 0 3
J un -0 4
D e c- 0 4 J un
-0 5 D e c- 0 5
J un -0 6
D e c- 0 6 J un
-0 7 D e c- 0 7
-3 -2 -1 0 1 2 3 4 5
Skala Skala
Corporate services
Retail trade
Household services
Chart 8. Rise in selling prices last 12 mos
Retail trade and service sector
(Per cent. Oct 02 - Oct 07)
1) The scale runs from -5 to +5, where -5 indicates a large fall and +5 indicates a strong rise. See article "Norges Bank's regional network" in Economic Bulletin3/05 for further information.
