2. March 2020
GDP increased by 4.7% in Q4 2019 and 1.9% in FY 2019. The increase is mainly due to a decrease in imports; domestic demand was mostly unchanged while exports decreased.
The CPI based on prices in February increased by 0.92% MoM, bringing the headline number to 2.4%. This was well above expectations - we had expected a 0.4% increase.
Eimskip and Landsvirkjum published FY 2019 results.
The CBI releases balance of payments for Q4 2019 and the net external position end of quarter today.
Markets 2 March 2020
Macro Overview 2 March 2020
Landsbankinn hf. Austurstræti 11, 155 Reykjavík, Reg. No. 471008-0280
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