FNI Update November – Great Uncertainty in the Estimates

The FNI was last updated 30 November.

The FNI index for the Norwegian economy has been updated with figures up to and including 30 November. The index indicates a better economic development in November than by the end of October when the index fell sharply, but the uncertainty is large.

In line with increased infection pressure and uncertainty in the markets related to the US election, the FNI index fell sharply at the end of October. With updated figures for November, the index has been sharply revised upwards. This is due to the fact that the uncertainty in the estimates has been great ever since the Covid pandemic struck earlier this year. The index indicates that the business cycle has developed in line with trend levels in November. 

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.
  • 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.

For more information, contact Associate Professor  Leif A. Thorsrud, BI Norwegian Business School, +47 988 37 976,  leif.a.thorsrud@bi.no or Professor Hilde C. Bjørnland, BI Norwegian Business School, +47 464 10 767,  hilde.c.bjornland@bi.no.

Previous FNI Updates

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