There are industries closely related to the oil sector contributing the most to the decline, show new statistics from STATISTICS norway.
– This is the biggest fall ever if you look month to month. We have had up to five per cent earlier, but it has been linked to the strike, ” says Harald Magnus Andreassen, chief economist of Swedbank, to E24.
the Norwegian industrial production fell by 2.8 per cent in the period June to august of this year, compared with the three-month period before, but Andreassen doubt that the major demise of manufacturing is real.
– Nothing suggests that the month of august reflects a new direction for Norwegian industry. I think this comes back again in september/October, ” says Andreassen.
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