Weekly bul­letin 16 Septem­ber 2024

This week will see the publication of the housing price index, the rental price index and payment card turnover figures for August. Last week we learned that tourist arrivals in August of this year were similar to the same month in 2023. Unemployment increased slightly between months in August. The fiscal budget for 2025 was presented.
Alþingishús
16 September 2024

The week ahead

  • Tomorrow, the Housing and Construction Authority (HMS) publishes the housing price index and the Central Bank of Iceland (CBI) payment card turnover.
  • On Wednesday, HMS publishes the rental price Index, the Federal Reserve announces a policy rate decision and inflation figures will be published in the UK.
  • On Thursday, the Bank of England announces its policy rate decision.

Image of the week

In 2016, rules entered into force capping the debt ceiling of the National Treasury at 30% of GDP. Debt reduction was subsequently achieved, reaching a low point of 21.9% of GDP in 2019. The debt ceiling rule was temporarily suspended during the pandemic and the National Treasury accumulated debt quickly. According to the fiscal budget proposal for 2025, Treasury debt is expected to be 31.4% of GDP that year, just above the ceiling. Other things remaining equal, the rule enters into force again in 2026.

Highlights of the previous week

Statistics and market data

Weekly bulletin 16 september 2024 (PDF in Icelandic)

Disclaimer
This review and/or summary is marketing material intended for information purposes and not for business purposes. This marketing material does not contain investment advice or independent investment analysis. The legal provisions that apply to financial advice and financial analysis do not apply to this content, including the ban on transactions prior to publication.

Information about the prices of domestic shares, bonds and/or indices is source from Nasdaq Iceland - the Stock Exchange. Landsbankinn’s website contains further information under each individual equity, bond class or index. Information about the prices of non-domestic financial instruments, indices and/or funds are sourced from parties Landsbankinn considers reliable. Past returns are not an indication of future returns.

Information about the past returns of Landsbréf funds is based on information from Landsbréf. Detailed information about the historic performance of individual funds is available on Landsbankinn’s website, including on returns for the past 5 years. Information about the past performance of funds show nominal returns, unless otherwise stated. If results are based on foreign currencies, returns may increase or decrease as a result of currency fluctuations. Past returns are not necessarily an indication of future returns.

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