actual 1.4, previous 1
The House Price Index MoM (Month-over-Month) for January in Norway is scheduled to be released on February 5, 2025, at 10:00 AM. The actual value is reported to be 1.4%, which is an increase of 0.4% from the previous period. This economic indicator measures the changes in residential property prices from the previous month.
The impact of this event on the market is considered to be low. The currency affected by this data is the Norwegian Krone (NOK). The market had estimated the index to be 1% for this period, but the actual value exceeded expectations, coming in at 1.4%. This represents a change percentage of 40%, indicating a significant deviation from the forecasted value.
Overall, a higher-than-expected House Price Index MoM could suggest a strengthening housing market in Norway, potentially impacting consumer spending, construction activity, and overall economic sentiment.