Oslo, Norway (4E) – Industrial production in Norway grew at a faster pace in February, according to the Statistics of Norway report released Monday.
In February, industrial production jumped 5.2 percent on an annual basis, after growing 2.5 percent in January. Production rose for the second consecutive month, bouncing back from a 2.2 percent decline in December.
Manufacturing output expanded 2.1 percent, after increasing 2.7 percent in the previous month. Output in mining and quarrying continued to decline, falling 9.7 percent in February.
Output in the utility sector was down 5.3 percent, after a 0.4 percent decline in January.
Industrial production gained 0.7 percent in February from the previous month, after rising 1.1 percent in January and 0.6 percent in the earlier month.
Factory output climbed 0.2 percent in February, a reversal of the 0.4 percent drop in January.