Norway: Industrial production in December contracts for third consecutive month
February 5, 2016
In December, industrial production decreased 0.94% over the previous month in seasonally-adjusted terms, which marked a deterioration compared to the 0.70% contraction recorded in November. December’s fall reflected decreases in all components of the index, with the largest contraction found in mining and quarrying.
In annual terms, industrial production dropped 2.0%, marking a deterioration compared to the 1.8% decrease recorded in November. Meanwhile, annual average growth in industrial production fell from 1.2% in November to 0.7% in December.
Author: Robert Hill, Economist