REGIONAL NETWORK

Contacts reported that overall prices had risen moderately over the past 12 months. The pace of 

Contacts expect annual wage growth of 2.8 percent in 2018, the same as the May estimate (Chart 6). The wage growth estimate from the previous survey is being pushed up by

Export industry contacts reported weak output growth, somewhat lower than in the previous survey.. Demand from the international petroleum industry was reported to be lower and a

The fall in oil prices and lower activity in the petroleum industry have weakened growth prospects in most sectors, but retail trade and the export industry expected

Construction sector contacts report moderate output growth over the past three months, but growth has slowed somewhat since August.. Housing construction and public investment are

Compared with the previous round, the rise in prices slowed in the export industry, construction and retail trade, but picked up in the other industries. The rise in prices was

Although construction continues to report the highest capacity utilisation, a number of enterprises have more spare capacity than in August, owing to reduced activity (Chart 10).

Growth in manufacturing has slowed over the past two years, and recently, output has fallen (Chart 7). The fall in output reflects lower demand for Norwegian manufactured