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Norwegian companies see improved outlook, central bank survey shows

Buildings are seen in the financial district in Oslo,

OSLO (Reuters) - Norwegian companies expect overall activity to increase somewhat in the time ahead, a central bank business survey showed on Thursday.

"The share of contacts reporting full capacity utilisation has increased and contacts are planning for some growth in employment," Norges Bank said in the quarterly survey, a key input for its June 20 rate decision.

Output growth expectations were revised up in most sectors of the economy, although companies in the construction industry expected a further fall in activity, the central bank said.

"Contacts are planning for a slight increase in investment in 2024 and for rising growth in 2025," it added.

(Reporting by Terje Solsvik, editing by Anna Ringstrom)