The mainland economy - excluding the price-sensitive offshore industry - grew by 0.2 percent in the first quarter compared with the previous quarter. Analysts had expected an average of 0.3 percent, according to a Bloomberg survey.
Meanwhile, the country's oil industry is picking up steam in the wake of the energy price shock from the war in Iran. Operators in Norwegian waters have raised their investment plans for 2026 to 266 billion Norwegian kroner, an increase of 11 billion kroner from three months ago, according to SSB.
