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Norwegian household economic optimism falls.


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Tuesday, 06 September 2011
Optimism among Norwegian household falls as the weariness in international economy continues to spread deeper into the Norwegian economy psyche.

The driver for the weariness has to do with the weaker faith in the country's economy poushed by the recent turmoil coming from the international macro economic areana . A majority of households believe that the private economy will be better the next year, according to a new study.
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In the last quarter, the Norwegians 'optimism was marked down on Expectations Survey carried out by the Norwegian Financial Services' Association (FNO). It holds that it is the international economic turbulence that leads to more pessimism in this country.

“The international financial turmoil spreads is revealed over the Norwegians' confidence in the Norwegian economy. Also rising house prices, low interest rates and a wage settlement with real wage growth creates expectations of improvement in the private economy,” says Arne Hyttnes, CEO of FNO.

Only in the South and the West Coast are population slightly more optimistic, which Hyttnes believe is due to new oil discoveries, and thus renewed optimism in the oil industry.

Economic expectations survey is a Norwaywide quarterly survey of households on their views and expectation on the country's economy, conducted by TNS Gallup for FNO
By Scancomark.se Team



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