Published by Global Banking & Finance Review®
Posted on September 11, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleNorwegian companies foresee strong output growth until 2025, planning increased employment and investment. Wage growth remains steady amid inflation concerns.
OSLO (Reuters) -Norwegian companies expect output growth to remain elevated through the second half of 2025 and plan to increase the number of employees through the autumn, a central bank survey showed on Thursday.
"Contacts expect somewhat higher investment in 2025 than in 2024 and growth to remain firm in 2026," the central bank said in a statement.
The business survey, which is key to monetary policy, was released one week before Norges Bank's next interest rate decision on September 18.
"A number of contacts point out that there is still uncertainty related to international trade barriers and some cite greater customer caution," the central bank said.
Participants in the survey maintained their annual wage growth projections for 2025 of 4.5%, and for 4.0% next year.
Inflation data published on Wednesday pointed to an underlying increase in Norwegian consumer prices, which analysts said could cast doubt on Norges Bank's stated aim to further cut interest rates this year.
(Reporting by Terje Solsvik, editing by Anna Ringstrom)
Norwegian companies expect output growth to remain elevated through the second half of 2025.
Participants in the survey maintained their annual wage growth projections for 2025 at 4.5%.
The business survey was released one week before Norges Bank's next interest rate decision on September 18.
A number of contacts point out that there is still uncertainty related to international trade barriers and some cite greater customer caution.
Inflation data published indicated an underlying increase in Norwegian consumer prices, which could cast doubt on Norges Bank's aim to further cut interest rates.
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