logo
Plus   Neg
Share
Email

Norway Manufacturing Output Unexpectedly Drops In September

Norway's manufacturing output decreased in September, defying expectations for a gain, mainly due to a decline in the production of food, figures from Statistics Norway showed on Wednesday.

Manufacturing output fell 0.3 percent from August. Economists were looking for a 0.4 percent increase.

Production of food, beverages and tobacco registered a 4.2 percent fall.

In contrast, manufacture of ships, boats and oil platforms increased 4.3 percent.

Overall industrial production decreased 1.5 percent monthly in September.

On a year-on-year basis, manufacturing output grew 1.5 percent and industrial production rose 0.7 percent.

In the third quarter, manufacturing output rose 0.6 percent from the previous three months and industrial production increased 1.4 percent.

For comments and feedback contact: 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.

Follow RTT