Norway: Industrial production rebounds in November
January 7, 2012
In November, industrial output grew a seasonally adjusted 1.2% over the previous month, which contrasted the 1.8% contraction tallied in October. According to the statistical institute, wood and wood products, fabricated metal products and machinery as well as equipment were the drivers of the monthly increase. On an annual basis, industrial activity fell 1.2% in working-day adjusted terms, which was above the 5.7% drop seen in October. The trend improved somewhat, with annual average industrial output growth edging up from minus 4.6% in October to minus 4.3% in November.