Norway Industrial Output, New Orders Decrease

Friday, the Statistics Norway announced that the overall index of production decreased 4.2% year-over-year in September. Meanwhile, manufacturing production increased 2.5%.

Month-on-month, overall industrial production climbed a seasonally adjusted 1.8% in September. At the same time, manufacturing production rose 0.1%.

For the first nine months of the year, overall production decreased 0.1% over a year ago, while manufacturing production grew 3.7%.

In the third quarter, manufacturing output dipped 1.4% from the second quarter.

Separately, the statistical office revealed in a report that industrial new orders dropped 15% year-on-year in third quarter, after falling 5.4% in the second quarter. However, total stock of new orders increased 14.5%.

In another report, the statistical office said the overall turnover rose 17.1% year-on-year in September. Manufacturing turnover jumped 20.1%.

by RTTNews Staff Writer

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