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Nowcasting Tells the Story: Norway's Been Fixed

Financial News Index backs view that the economy is improving
Election Campaigning As Opposition Poised For Power Ahead Of Norwegian Elections

Photographer: Kristian Helgesen/Bloomberg

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If Norwegian central bank governor Oystein Olsen is looking for backing to start normalizing monetary policy after years of record stimulus, he should be reading the newspapers.

Or better yet, he could just take a look at Norway’s Financial News Index, a big data tool that plows through financial media for clues on the economy. It’s now showing, along with other indicators, that the economy is expanding above average.