A post by @FirstSquawk on X.
NORWAY (SEP) INDUSTRIAL PRODUCTION WDA YOY ACTUAL: -1.8% VS -0.6% PREVIOUS
@FirstSquawk on X
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Norway's working-day-adjusted industrial production fell 1.8% year over year in September, a sharper contraction than the 0.6% decline recorded in the prior reading. The latest figure marks a deepening of the downturn in Norwegian industrial output, with the September drop nearly triple the pace of the previous month's decline. The data point matters for traders assessing the health of Norway's mainland economy and its implications for Norges Bank policy expectations. Watch upcoming monthly GDP and manufacturing breakdowns for confirmation of whether the weakness is broadening beyond a single sector.
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