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Norway June Industrial Output Drops Further

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Friday, the Statistics Norway announced that the industrial production decreased a working day adjusted 6.3% year-over-year in June, compared with a 7.9% fall in the previous month.

On a monthly basis, industrial production rose a seasonally adjusted 0.8% in June, after falling 3.1% in May.

In the second quarter, industrial production was down 5% compared to the previous quarter.

For the January to June period, industrial production dropped 3% compared to the same period of the previous year.

Meanwhile, manufacturing production decreased 10.1% annually in June and it was down 0.6% compared to the preceding month. Sequentially, manufacturing production dipped 3% in the second quarter.

Friday, the Statistics Norway announced that the industrial production decreased a working day adjusted 6.3% year-over-year in June, compared with a 7.9% fall in the previous month. (Market News Provided by RTTNews)

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