In April, industrial output expanded a seasonally adjusted 2.4% over the previous month, which contrasted the 0.2% drop tallied in March (previously reported: -0.7% month-on-month). According to Statistics Norway, the improvement was broad-based, albeit particularly due to a hefty rise in electricity, gas and steam output. On an annual basis, industrial activity grew 7.5% in working-day adjusted terms, which was up from the 2.4% rise observed in March and marked, in fact, the strongest reading since August 2005. Owing to the healthy April figure, annual average variation in industrial production improved from minus 1.9% in March to minus 0.6% in April.
Industrial production rebounds robustly in April
June 7, 2012
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Norway Economic News
October 10, 2016
In September, consumer prices climbed 0.3% from the previous month, which contrasted August’s reading (-0.5% month-on-month) but undershot market expectations of a 0.7% increase.
October 7, 2016
In August, industrial production decreased 4.7% over the previous month in seasonally-adjusted terms, which contrasted the 4.7% expansion recorded in July and marked the lowest reading since April 2015.
September 22, 2016
At its 21 September policy meeting, Norges Bank (NB) decided to leave its key policy rate at the all-time low of 0.50%, as was expected by market participants. Norges Bank noted that global growth was moderate and that in the medium term import demand from its main trading partners will be lower than previously expected.
September 9, 2016
In August, consumer prices dropped 0.5% over the previous month, which contrasted July’s reading (+0.6% month-on-month) and undershot market expectations of a 0.4% drop.
September 7, 2016
In July, industrial production expanded 5.5% over the previous month in seasonally-adjusted terms, which marked a rebound from the 4.7% fall recorded in June and represented the highest reading since October 2012.