Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies

Iceland­ic Eco­nom­ic Weekly: 30 May 2022

Since January 2020, rental prices have risen by only 6.5% while the purchase price of apartments has risen by 38.1% over the same period, according to data from Registers Iceland.
30 May 2022 - Landsbankinn

Last week’s highlights

Statistics Iceland released the monthly wage index for April 2022, which increased by 1.6% MoM.

Brim, PLAY and Síldarvinnslan published Q1 earnings.

Statistics Iceland published the results of its monthly labour force survey and Q1 trade in goods and services numbers.

S&P Global Ratings raises Arion Bank and Landsbankinn's covered bond rating to A.

The week ahead

On Monday, Statistics Iceland will release CPI numbers for May and, on Tuesday, national accounts for Q1.

On Wednesday, the CBI will release balance of payments and external position for Q1.

On Thursday, the Icelandic Tourist Board and Statistics Iceland will publish the Visitor Survey for 2021.

Markets and Economic Overview

Icelandic Economic Weekly 30 May 2022 (PDF)

You may also be interested in
9 April 2025
Economic forecast to 2027: Fair outlook yet anything may happen 
Landsbankinn Economic Research forecasts 1.4% economic growth this year and 2.1% next year. The economy has cooled down following a robust period of growth in the years after the pandemic and we now anticipate a slow start.  
1 April 2025
Economic Research Monthly Newsletter - April 2025
Monthly statistics analysis and an overview of current economic affairs in Iceland.
3 March 2025
Economic Research Monthly Newsletter - March 2025
Monthly statistics analysis and an overview of current economic affairs in Iceland.
3 Feb. 2025
Economic Research Monthly Newsletter - February 2025
Monthly statistics analysis and an overview of current economic affairs in Iceland.
7 Jan. 2025
Economic Research Monthly Newsletter - January 2025
Monthly statistics analysis and an overview of current economic affairs in Iceland.
3 Dec. 2024
Economic Research Monthly Newsletter - December 2024
Monthly statistics analysis and an overview of current economic affairs in Iceland.
6 Nov. 2024
Economic Research Monthly Newsletter - November 2024
Monthly statistics analysis and an overview of current economic affairs in Iceland.
21 Oct. 2024
Weekly Bulletin 21 October 2024
Last week, we published an economic forecast to the year 2027. The housing price and rental price indexes decreased more between months in September and household payment card turnover contracted between years domestically while rising abroad. The Central Bank of Iceland (CBI) published the minutes of the Monetary Policy Committee (MPC) meeting, which shows that all Committee members agreed to lower the policy rate. Several companies publish financial results this week.
Hagspá Landsbankans
15 Oct. 2024
Economic forecast 2024-2027: The Economy Catches its Breath 
Landsbankinn Economic Research forecasts a status quo in the economy between years and a 0.1% contraction in GDP. Setbacks affected the export sector in the first half of the year, with capelin catch failure and slower growth in the travel sector causing a contraction. This has been compounded by the cooling impact of high interest rates on demand, which nevertheless remains strong.
Smiður
14 Oct. 2024
Weekly Bulletin 14 October 2024
Tomorrow morning, Landsbankinn Economic Research presents a new economic forecast to the year 2027 at a morning meeting in Harpa. This week, the Housing and Construction Authority (HMS) publishes the housing price index, the rental price index and its monthly housing market report. On Wednesday, the Central Bank of Iceland (CBI) releases the minutes of the Monetary Policy Committee’s last meeting. Last week’s highlight was that traveller numbers to Iceland are slightly up between years in September and there is a small uptick in unemployment.