The Financial News index (FNI) is designed to track Norwegian GDP growth and the business cycle at high frequency. The underlying indicators are daily time series representing how much the media writes about various topics.
The FNI was last updated 30 November.
The FNI index stabilized in November. In October, the FNI index experienced a sharp fall at the end of the month and exited below trend-levels. The index stabilized in November and is now around its trend.
News that has a positive impact on the index in November:
- News about restructures and startups increase the index.
News that has a negative impact on the index in November:
- News about the interest rate and monetary policy continue to decrease the index.
The figure graphs the Financial News Index (FNI) with 68 percent confidence bands. The blue solid line demeaned quarterly GDP growth Mainland Norway, sourced from Statistics Norway (SSB). Please use the citation “FNI – Retriever/CAMP_BI” when using the index.
The next FNI update is January 6 2019.
- To read more about the FNI, visit our website.
- To read more about the use of textual data, we recommend: Thorsrud, Leif Anders (2018), “Words are the new numbers: A newsy coincident index of the business cycle”, Journal of Business & Economic Statistics.
Previous FNI updates
- October – The Fall Continues
- September – Signalling a Contraction
- August – Increased Uncertainty
- July – A Stronger Business Cycle
- June – Growth Above Trend
- May – The Business Cycle is Around Trend
- April – A Stable Economy
- March – Unchanged Economic Outlook
- February – Stable Economic Outlook
- January – A Weaker Business Cycle
- December – An economic Slowdown?
- November – The index remains stable through the month
For more information, contact Professor Hilde C. Bjørnland, BI Norwegian Business School, +47 464 10 767, firstname.lastname@example.org or Associate Professor Leif A. Thorsrud, BI Norwegian Business School, +47 988 37 976, email@example.com.