August 24, 2017 / 8:08 AM / a year ago

Norway central bank survey: Slightly more business leaders expect profits to rise

OSLO, Aug 24 (Reuters) - More Norwegian company bosses expect their profitability to rise in the next 12 months, but the change since May is small, a quarterly survey commissioned by the country’s central bank showed on Thursday.

In total, 33.7 percent of business leaders now expect an improvement, against 33.6 percent in a similar poll in May.

Meanwhile, 46.5 percent forecast unchanged profitability compared to 45.2 percent in May, while 14.8 percent see a decline against 15.2 percent who did so three months ago.

On wages, Norway’s labour unions and employers’ organisations maintained expectations for 2.5 percent growth in 2017 and 2.8 percent next year.

The survey is carried out by analysis firm Epinion on behalf of the central bank. (Reporting by Terje Solsvik, editing by Gwladys Fouche and Camilla Knudsen)

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