Norway: Industrial production contracts in October
December 7, 2015
In October, industrial output contracted 2.6% over the previous month in seasonally-adjusted terms, which contrasted the 1.4% increase tallied in September. October’s decrease was broad-based as all components of the index recorded decreases over the previous month.
On an annual basis, industrial production decreased 3.0% in working-day adjusted terms, which contrasted the 2.0% increase tallied in September. Annual average growth in industrial production slowed in October, sliding from September’s 2.8% increase to a 1.7% rise in October.
Author: Robert Hill, Economist