Norway: Industrial production rebounds in August
October 7, 2015
In August, industrial output expanded 1.7% over the previous month in seasonally-adjusted terms, which contrasted the revised 1.3% drop tallied in July (previously reported: -1.5% month-on-month). August’s expansion came amid improvements in all components of the index, with the oil and gas extraction expanding the most and manufacturing contracting at a slower pace compared to last month.
On an annual basis, industrial production in August increased 3.1% in working-day adjusted terms, up from the 2.8% increase registered in July. Annual average growth in industrial production inched up in August, climbing from July’s 3.2% increase to 3.3%.
Author: Robert Hill, Economist