Norway industrial production plunges in JuneStaff Writer | August 6, 2016
Norway's industrial production declined for the second straight month in June, and at a steeper pace, figures from Statistics Norway showed.
North of Europe Industrial production slipped in Norway
Output of extraction and related services contracted 11.4 percent annually in June and manufacturing production dipped by 6.5 percent. Mining output also logged a fall of 7.2 percent.
On a monthly basis, industrial production slipped 5.1 percent in June, defying economists' forecast for a 0.4 percent gain. In May, production had fallen 0.2 percent.
Manufacturing production decreased 2.9 percent over the month, while it was expected to climb by 0.4 percent. ■