Oil drives Norwegian manufacturing to new peak - Norway Exports

Looking for a specific product?

Make a search for products & suppliers, articles & news.

Oil drives Norwegian manufacturing to new peak

SSB reports that Norwegian manufacturing output surged to a record high in the second quarter. 

The new surge moves Norwegian manufacturing well past levels last seen before the global financial crisis. The booming oil industry is given much of the credit for the solid growth. 

Despite of the impressive numbers, experts remain cautious "This was clearly positive... but the month on month figures can be volatile," DNB Markets economist Kjersti Haugland said.

Haugland further states that looking at the industry as a whole there is no sign of crisis, as manufacturing jumped a monthly 3.1 per cent in June.

 

To read more, please visit the 4-traders.com website or reuters.com

 

 

Related news

Latest news

Strong performance supported by favourable markets

-We are very pleased to report another strong quarter for Elkem.

New trainee blog posts: Their final trainee rotations

Trainee Marthe’s time as an Elkem trainee is coming to an end.

A strengthened national powerhouse for artificial intelligence in Norway

Norway has a huge potential to be a pioneer in Artificial Intelligence (AI),

Servogear propulsion technology enable sustainable Arctic cruises

We are really happy to have Servogear on board,

Students develop "health check" to prevent cyberattacks

It is very rewarding working with cyber security,

DOF Subsea contract awards

DOF Subsea has been awarded a contract in the Atlantic region...

Invitation to Elkem’s second quarter and half year 2018 results presentation

The company will host a presentation at 8.00 a.m. 

DNV GL checks technical and financial risks of three Norwegian wind farms totaling 294 MW

Working alongside Norwegian developer Norsk Vind...

Sperre AS on National Geographic

Last autumn, National Geographic was on Lake Tinn in Norway...