Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Norwegian January Retail Sales Rise More Than Estimated

Don't Miss Out —
Follow us on:

Feb. 28 (Bloomberg) -- Norwegian retail sales rose more than estimated in January as western Europe’s biggest oil producer showed resilience to Europe’s debt crisis.

Retail sales, excluding motor vehicles and petrol stations, gained 1.2 percent in the month and 2.7 percent in the year, the Oslo-based statistics office said in a statement today. Sales were estimated to rise 0.4 percent in the month, according to a Bloomberg survey of six economists.

The economy of the world’s fourth-richest nation per capita has so far been shielded from the fallout of the euro area debt crisis. Record investments in the oil and gas industry have fuelled demand for labor, pushing up wages.

Central bank policy makers in December kept their benchmark deposit rate unchanged at 1.5 percent and signaled they may increase rates as soon as next month to cool a surging property market and record private debt burdens.

Norges Bank will publish its next rate decision on March 14.

Related News and Information: Top Nordic News: {TOP NORD <GO>}

To contact the reporter on this story: Josiane Kremer in Oslo at

To contact the editor responsible for this story: Jonas Bergman in Oslo at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.