Norges Bank Regional Network Report is a popular economic development indicator in Norway. Norges Bank publishes the indicator four times a year, based on direct surveys of companies in seven regions of the country, conducted by responsible regional organizations.
Regional network reports allow obtaining data directly from companies on-site, during face-to-face discussions. Regularly engaging with the economy and society often provides the Bank with information faster than publicly available statistics. Regional data closely correlates with official statistics, and it is published much earlier. In this regard, analysts and traders closely monitor the indicator publication.
Production growth is undoubtedly a favorable factor, so higher than expected production readings according to the Norges Bank Regional Network Report can be seen as positive for NOK.