Norway Industry

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Norway: Industrial production rebounds at the end of 2012

February 8, 2013

In December, industrial output expanded a seasonally adjusted 1.1% over the previous month, which contrasted the 3.5% drop tallied in November (previously reported: -3.6% month-on-month). According to Statistics Norway, the improvement was broad-based as all components of the index rebounded over the previous month. Particularly, electricity, gas and steam recorded the largest gain.

On an annual basis, industrial production remained flat in working-day adjusted terms, which came in above the 3.5% drop observed in November. As a result, in the full year 2012 industrial production expanded 2.7%, contrasting the 4.3% drop witnessed in 2011.


Author: Ricard Torné, Head of Economic Research

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Norway Industry Chart


Norway Industry December 2012

Note: Month-on-month seasonally adjusted and year-on-year changes of industrial production index in %.
Source: Statistics Norway (SN).


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