Norway’s industrial production rose in June, after dropping in the previous month, figures from Statistics Norway showed Thursday.
The industrial production index climbed a calender adjusted 3.2 percent year-on-year in June, reversing a 4.0 percent decline in May. In April, production went up 3.2 percent.
Manufacturing output also grew 3.1 percent annually in June, but slower than May’s 2.5 percent growth.
Among other sub sectors, production of electricity, gas and stem grew by by 11.7 percent, while in the mining and quarrying sector, output tumbled 11.7 percent, much faster than May’s 3.1 percent fall.
On a monthly basis, industrial production rose a seasonally adjusted 5.7 percent in June, in contrast to a 5.9 percent drop seen in May.
In the April to June period, industrial production fell 1.1 percent despite a 1.3 percent increase in manufacturing.
The material has been provided by InstaForex Company – www.instaforex.com