Following the appointment of former Labour PParty (PvdA) minister Ronald Plasterk as the second post-election scout, tasked with sounding out parties on policies and potential partners, the prospect of a swift deal in reaching a governing coalition (which were already slim) have narrowed further. Pieter Omtzigt, leader of the centrist, 'good governance' New Social Contract (NSC) stated earlier in the week that, "All in all, the NSC faction now sees no basis for starting negotiations with the Party for Freedom (PVV) about a majority government or a minority government,".
Source: Election Commission, MNI
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The Norway October manufacturing PMI re-entered contractionary territory at 47.9 (vs a downwardly revised 51.8 prior). This continues the downward trajectory of the index seen since the 2023 peak of 56.5 in July. Today's data is unlikely to have any impact on the Norges Bank policy decision tomorrow where the previous guidance suggests a pause ahead of a hike in December.