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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
NorwayNorway Gross Domestic Product QoQ climbed to 0.3% in Q2 2026
FMPMonthlyReleased August 2026
Norway Gross Domestic Product QoQ climbed to 0.3% in Q2 2026, released August 2026, up 0.2% from March's 0.1% reading. The reading missed the 0.4% consensus by 0.1%. Gross Domestic Product QoQ has now risen for 3 consecutive months. Gross Domestic Product QoQ is now the highest in 9 months.
Latest Release
0.3
Actual
0.4
Consensus
0.1
Previous
Median Absolute Error
±0.1 percentage points
across last 5 releases
Last Call
Aug 2026
Predicted: 0.4
Actual: 0.3
Error: +0.1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/NOK | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/NOK | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Gross Domestic Product QoQ (Norway) was reported at 0.3% in August 2026. This missed the market consensus of 0.4% by 0.1%. The reading rose from the previous value of 0.1%. Trailing 12-month context per ETL data through August 2026.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.07%, down from the prior three at 0.63%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/NOK (Bullish NOK). A secondary relationship exists with EUR/NOK, negatively correlated (Bullish NOK).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Interest Rate Decision (Sep 24).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Gross Domestic Product QoQ - NO
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About Gross Domestic Product QoQ — Norway
DEFINITION
Norway's Gross Domestic Product QoQ rose 0.300000% in Q2 2026, missing the 0.400000% estimate but improving from Q1's 0.100000%. The economy showed moderate growth, accelerating from the previous quarter's 0.1% to 0.3%, signaling steady expansion. Market focus remains on upcoming monetary policy decisions amid this gradual GDP increase. Updated 8/27/26
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 0.3 %, consensus 0.4 %. Prior reading (Jan 2026): 0.2 %. Before that (Oct 2025): -0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/NOK (Bullish NOK, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - NO Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 06:00 | NO | Balance of Trade | 100.4 | 88.8 | 95.1 | 97.75 | Low |