(Updates with more)
OSLO May 24 Norway's labour unions and
employers' organisations expect 2.5 percent wage growth in 2017,
a quarterly survey commissioned by the country's central bank
showed on Wednesday.
In February labour unions had expected 2.7 percent, while
business lobbyists gave an estimate of 2.3 percent.
For next year, unions expected 2.9 percent wage growth,
while employers' organisations expected 2.7 percent.
Centralised wage negotiations in manufacturing industries
have so far resulted in 2.4 percent pay increase for 2017, but
could see some adjustment after local wage talks are conducted.
Inflation expectations among households for the next 12
months are up 0.2 percentage points to 2.9 percent, while
business leaders have cut their expectations by 0.4 percentage
points to 2.4 percent.
The share of business leaders who expect improved
profitability the coming year is increasing, but a majority
still sees no change in profitability.
The survey is carried out by analysis firm Epinion on behalf
of the central bank.
(Reporting by Camilla Knudsen, editing by Terje Solsvik)