Norway: Industrial production contraction eases in November
January 8, 2016
In November, industrial output fell 0.8% over the previous month in seasonally-adjusted terms, which was a more mild contraction than the 3.0% decrease tallied in October (previously reported: -2.6% month-on-month). November’s decrease reflected sharp declines in extraction-related services, which offset an increase in the manufacturing component.
On an annual basis, industrial production decreased 1.8% in working-day adjusted terms, which followed the 3.0% contraction tallied in October. Annual average growth in industrial production slowed in November, sliding from October’s 1.7% increase to a 1.2% rise.
Author: Robert Hill, Economist