26.08.2019 09:01

Icelandic Economic Weekly: Monday 26 August 2019

Last week's highlights

Dr. Ásgeir Jónsson took over as Governor of the Central Bank of Iceland.

The CBI released the results of its most recent survey of market agents’ expectations.

The Icelandic Chamber of Commerce published its yearly report on the Icelandic Economy.

Statistics Iceland published July numbers from the Icelandic Labour Force Survey.

The week ahead

We expect the MPC to lower policy rates by 0.25 percentage points on Wednesday.

Statistics Iceland releases the CPI for August on Thursday. We expect a 0.2% MoM increase (+3.1% YoY).

On Friday, Statistics Iceland publishes national accounts for Q2 as well as revised number for 2018.

A total of 9 companies on the Icelandic stock exchange are set to publish Q2 results: on Tuesday, Síminn and Skeljungur; on Wednesday, Eik, Festi and Sýn; on Thursday, Kvika, Eimskip, Heimavellir and Brim.

Markets 26 August 2019

Macro Overview 26 August 2019


Icelandic Economic Weekly: Monday 2 September 2019

The MPC lowered policy rates by 0.25 percentage points. Concurrent with the policy rate decision, the CBI released its quarterly Monetary Bulletin. GDP increased by 1.4% YoY in Q2. The CPI increased by 0.28% MoM in August, bringing the headline number to 3.2%. The surplus of trade in goods and services in Q2 was ISK 9.4bn. The surplus of trade in services in Q2 was ISK 52.1bn.

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The contents published here were produced by employees of Landsbankinn Economic Research and are based on information available to the public when the analysis was compiled. Assessment of this information reflects the views of Economic Research’s employees on the analysis date, which may change without notice. | Full disclaimer

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