RSS Norwegian Industrial Output Logs Marginal Expansion

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 RSS Norwegian Industrial Output Logs Marginal Expansion

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Norway experienced a modest uptick in industrial production in November, following a significant recovery the previous month, as reported by Statistics Norway on Tuesday.

The country's industrial production inched up by 0.2 percent on a seasonally adjusted basis from the previous month, marking a deceleration from the 9.8 percent surge seen in October.

Within this framework, manufacturing output saw a recovery of 1.2 percent, while utility production climbed by 1.8 percent. Additionally, output in the mining and quarrying sector saw a notable increase of 6.1 percent.

Conversely, output in the extraction and related services sector saw a slight decline of 0.1 percent.

On an annual scale, industrial production rose by 0.5 percent, compared to a 2.1 percent increase in October.

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