Norway Industrial Expansion Slows Slightly
Norway's manufacturing sector growth remained broadly unchanged in December, defying expectations for a modest improvement, survey data from the logistics association NIMA showed on Monday.
The DNB/NIMA purchasing manager's index for the manufacturing sector dropped to 51.9 from 52.0 in November. Economists had expected the index to climb to 52.3.
A reading above 50 signals expansion in the sector.
The underlying trend remained positive, NIMA said.
That said, the sub-indexes for new orders and production declined sharply in December. The index for employment increased.
Economic News
Reprinted from RTTNews,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.