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Financial News: Norway Factory Growth Slows Slightly In April

Norway Factory Growth Slows Slightly In April

05/02/2017 - 07:56:00 (RTTNews)

(RTTNews) - Norway's manufacturing activity growth eased marginally in April, survey results from the logistics association NIMA and Danske Bank showed Tuesday.

The Purchasing Managers' Index, or PMI, edged down to 54.7 in April from 54.8 in March. However, any reading above 50 indicates expansion in the sector.

Among components, the production index dropped to 55.8 in April from 56.7 in the prior month. Similarly, the sub-index for new orders declined from 57.1 in March to 56.7 in April.

At the same time, the employment index climbed to 54.3 in April from 52.7 in the preceding month. Moreover, the rate of job creation was the strongest since March 2013.

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