Norway Industrial Production Grows 1.3%

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Kaufen Verkaufen

(RTTNews) - Norwegian industrial production expanded for the third straight month in August, data from Statistics Norway showed on Tuesday.

Industrial production rose a seasonally adjusted 1.3 percent month-on-month in August, faster than the 0.4 percent increase in July.

Data showed that manufacturing output advanced 0.7 percent over the month versus a 0.3 percent rise in July.

Production in extraction and related services climbed 1.9 percent, while mining and quarrying output remained on level with the prior month.

On a yearly basis, industrial production recovered 1.7 percent in August after falling 3.4 percent in July.