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Financial News: Norway Industrial Production Rebounds In November

Norway Industrial Production Rebounds In November

01/08/2021 - 04:24:00 (RTTNews)

(RTTNews) - Norway's industrial production recovered in November, led by strong gains in mining and quarrying and manufacturing, figures from Statistics Norway showed on Friday.

The industrial production index rose 1.8 percent month-on-month after a 3.6 percent fall in October.

Manufacturing output grew for a second straight month in November, up 1.5 percent after a 0.6 percent gain in the previous month.

Mining and quarrying output jumped 16.5 percent after declining in the past few months. Utility sector output shrunk 13 percent following a 4.5 percent gain in October.

On a year-on-year basis, industrial production decreased 0.7 percent in November after remaining unchanged in October. In September, production rose 6.3 percent.

Manufacturing output fell 0.9 percent following a 2.7 percent slump in October.

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