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Fewer Norwegian businesses predict declining profit, survey shows

FILE PHOTO: People go about their day near Norway's central bank building in Oslo, Norway May 31, 2017. REUTERS/Ints Kalnins

OSLO (Reuters) - Around one third of all Norwegian business leaders now believe their companies will see declining profits in the next 12 months compared to more than half of those asked three months ago, a central bank survey showed on Wednesday.

Some 35.1% of businesses now expect a decline in the coming year, down from 51.6% in the May survey.

Only 25% predicted that profits will rise.

Reporting by Terje Solsvik, editing by Nerijus Adomaitis

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