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Norway oil industry expects to make record high investments in 2025
Norway oil industry expects to make record high investments in 2025

Reuters

time6 days ago

  • Business
  • Reuters

Norway oil industry expects to make record high investments in 2025

COPENHAGEN, May 27 (Reuters) - Norwegian oil and gas investments are expected to hit a new record this year, a statistics office survey of industry players showed on Tuesday. The country's biggest business sector now expects to invest 269.1 billion Norwegian crowns ($26.62 billion) in 2025, up from a 253.8 billion crowns estimate in February and compared to 251.2 billion last year. Preliminary estimates for oil and gas investments in 2026 stood at 206.6 billion crowns, compared to a previous estimate of 197.1 billion crowns in February. Forecasts will normally rise as companies firm up spending plans in the months leading up to a new year. ($1 = 10.1049 Norwegian crowns)

German economy in Q1 grew twice as fast as initially expected
German economy in Q1 grew twice as fast as initially expected

Reuters

time23-05-2025

  • Business
  • Reuters

German economy in Q1 grew twice as fast as initially expected

BERLIN, May 23 (Reuters) - The German economy grew significantly more in the first quarter than previously estimated due to good economic developments in March, according to a second estimate published on Friday. The economy grew by 0.4% in the first quarter of 2025 compared with the previous quarter, the statistics office said, revising a preliminary reading of 0.2%. Manufacturing output and exports registered stronger growth than initially assumed in March, said Ruth Brand, president of the statistics office.

Norway Core Inflation Slows More Than Seen, Fueling Rate Cut Bet
Norway Core Inflation Slows More Than Seen, Fueling Rate Cut Bet

Bloomberg

time09-05-2025

  • Business
  • Bloomberg

Norway Core Inflation Slows More Than Seen, Fueling Rate Cut Bet

Norway's underlying inflation slowed more than forecast last month, raising the chances of an interest-rate cut by Norges Bank before the fall. The underlying consumer-price growth rate excluding energy fell to 3% last month, the slowest pace since January, according to data from the statistics office on Friday. Economists surveyed by Bloomberg had a median forecast of 3.2%, which was the same as Norges Bank's projection.

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