Statistics Norway (SCB) announces that an error has been made regarding the latest GDP statistics. The previously stated GDP development is increased from previously -0.9 percent to -0.2 percent for the fourth quarter compared to the previous three-month period. According to Jessica Engdahl, head of the section for product accounts at Statistics Sweden, it is a late update of an item relating to foreign trade that is behind the update of the figures. – We judged that the size of the update was so large that it justified a new publication where we include that information, she tells TT. As regards seasonally adjusted values, a change is made from the previous -0.9 percent to -0.5 percent. It does not give a significantly different picture of the economy, but it is a significantly smaller reduction than what we came out with on Tuesday. TT: Is it a big enough change that various forecasts may change? – It is difficult for us to answer, but it was based on such thoughts that we felt it was still justified to publish about, says Jessica Engdahl.
t4-general
Statistics Sweden’s big miss – forced to correct GDP figure
