logo
Plus   Neg
Share
Email
Comment

Norway Industrial Production Declines In October

Norway's industrial production decreased for the first time in ten months in October, figures from Statistics Norway showed Thursday.

Industrial production declined a calendar-adjusted 2.0 percent year-over-year in October, reversing a 12.3 percent surge in September.

Output of extraction and related services contracted 7.9 percent from last year and mining and quarrying production plunged by 11.3 percent.

Meanwhile, manufacturing production registered an increase of 1.9 percent.

On a monthly basis, industrial production dropped a seasonally adjusted 1.4 percent from September, when it fell by 1.7 percent. Manufacturing output grew 0.7 percent, in line with expectations.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

comments powered by Disqus
Follow RTT