Norway: Industrial production stable in January
March 7, 2016
In January, industrial production was stable over the previous month in seasonally-adjusted terms, marking an improvement from the 1.0% drop recorded in December and representing the highest reading since September 2015. January’s reading reflected a strong expansion in the electricity gas and steam component that was offset by contractions in manufacturing as well as mining and quarrying.
In annual terms, industrial production contracted 0.2%, which was above the 2.0% drop recorded in December. Moreover, annual average growth in industrial production was stable at the 0.7% recorded in December.
Author: Robert Hill, Economist