Norway: Industrial production growth slows in May
July 7, 2016
In May, industrial production expanded 0.12% over the previous month in seasonally-adjusted terms, coming down from the 0.83% increase recorded in April. May’s reading was boosted by an increase in extraction and extraction-related services, while manufacturing saw a more moderate increase.
In annual terms, industrial production contracted 0.6%, which contrasted the 3.2% growth recorded in April. Meanwhile, annual average growth in industrial production slowed from 0.4% in April to 0.1% in May.
Author: Robert Hill, Economist