15 August 2022 - Landsbankinn
Around 234,000 foreign passengers departed Iceland via Keflavík International Airport in July, departures in July increased about 1.3% compared to July 2019.
Last week’s highlights
- The CBI released the real effective exchange rate based on July prices.
- The Icelandic Tourist Board published departures from Keflavík International Airport for July.
- The unemployment rate decreased to 3.2% in July, down from 3.3% in June.
- Government Debt Management published its monthly market information report.
- Skeljungur published Q2 earnings.
The week ahead
- On Tuesday, Registers Iceland will release the capital area housing price index for July and the CBI releases payment intermediation data.
- On Thursday, Eimskip, Kvika Bank, Síldarvinnslan and VÍS will publish Q2 earnings.
Markets and Economic Overview
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19 August 2024
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12 August 2024
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6 August 2024
Overnight stays by non-Icelandic travellers across all registered accommodation types contracted by 1.4% between years in June. This contraction is lower than that measured in non-domestic tourist numbers and payment card turnover
15 July 2024
The volume of travellers to Iceland decreased by 9% in June this year compared to June 2023. Unemployment was 3.1% in June, slightly higher than the same time last year.
8 July 2024
High interest rates have encouraged savings and detracted from demand in the economy. Household deposits had grown by 20% in May this year from the same month in 2023, according to the Central Bank of Iceland’s (CBI) newly published Hagvísar. Demand deposits have increased most.
1 July 2024
The consumer price index (CPI) rose by 0.48% in June. As a result, inflation measured 5.8%, down from 6.2%. Turnover based on March-April VAT reports contracted by 4.6% in real terms and the wage index rose by 0.2% in May, according to figures released by Statistics Iceland last week.
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The housing price index was up by 1.4% in May and the rental price index by 3.2%, according to figures published last week. While the Bank of England maintained an unchanged policy rate, the Swiss National Bank lowered its rate by 0.25 percentage points. Of most interest domestically this week is without doubt the CPI, to be published by Statistics Iceland on Thursday.