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Central Norway
| Interview round: | 3-2007 | | Interview period: | April - May 2007 |
Summary- All industries report continued growth. Growth appears to be strongest in retail trade and the service industry and weakest in building and construction. The market outlook is positive, but capacity problems are a constraint to growth in a number of industries in the period ahead.
- Investment appears to be increasing in all industries, with the strongest growth in retail trade.
- Employment is rising in all industries except the public sector where employment is stable. Employment growth is strongest in manufacturing. It appears that public sector employment will remain stable in the period ahead, whereas all other industries are expecting growth in employment.
- There is little idle production capacity and the labour supply is the most common constraint.
- Expected wage growth is higher than at the same time last year. Annual wage growth is expected to be highest in building and construction and the service industry. In manufacturing and the public sector, annual wage growth projections are higher than earlier in the year.
- All industries report a solid rise in prices. The rise in prices is lowest in the export industry and household services. Building and construction report a strong rise in prices which seems to be accelerating.
- The service industry expects a higher rise in prices during the next year. The majority of contacts in retail trade and building and construction expect prices to continue rising at the current pace in the period ahead. Manufacturing expectations vary.
- Margins appear to be growing in domestically oriented manufacturing, retail trade and the service industry. In building and construction and the service industry, a sharp increase in costs appears to have reduced margins compared with earlier this year.
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