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

Weekly bul­let­in 26 Feb­ru­ary 2024

There was a continuous surplus on foreign trade in the years 2010 to 2019. This turned to a deficit in 2020 and 2021 during the pandemic. Foreign trade has been more or less balanced since.
Vöruhótel
26 February 2024

The week ahead

  • On Tuesday, Nova klúbburinn and Sýn publish results.
  • On Wednesday, Statistics Iceland is set to publish the February CPI. We expect the Index to increase by 0.89% between months and annualised inflation to decrease from 6.7% to 6.1%. Iceland Seafood and VÍS publish their results.
  • On Thursday, Statistics Iceland publishes national accounts.
  • On Wednesday, inflation figures will be published for the UK.

Image of the week

There was a continuous surplus on foreign trade in the years 2010 to 2019, driven by high growth in the travel sector. Iceland utilised this surplus prudently, with domestic parties making payments on foreign loans, pension funds purchasing overseas assets and the CBI building FX reserves. The surplus turned to a deficit in 2020 and 2021 during the pandemic when one of the country’s largest export sectors more or less shut down.Foreign trade has been more or less balanced since.

Highlights of the previous week

Statistics and market data

Weekly bulletin 26 February 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.

Securities transactions involve risk and readers are encouraged to familiarise themselves with the Risk Description for Trading in Financial Instruments and Landsbankinn’s Conflict of Interest Policy, available on Landsbankinn’s website. Landsbankinn is licensed to operate as a commercial bank in accordance with Act No. 161/2002, on Financial Undertakings, and is subject to supervision by the Financial Supervisory Authority of the Central Bank of Iceland (https://www.cb.is/financial-supervision/)
You may also be interested in
3 June 2025
Monthly Newsletter June 2025
Monthly newsletter of current economic affairs in Iceland.
2 May 2025
Monthly Newsletter May 2025
Monthly newsletter of current economic affairs in Iceland.
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.