empty
 
 

2019.10.0902:41:00UTC+00Mainland-Norway GDP Shrinks In August

Norway's economy contracted in August on weak manufacturing, data from Statistics Norway showed Wednesday.

Mainland gross domestic product declined 0.2 percent on month, reversing a 0.8 percent rise in July. Monthly GDP was pulled down by a 1.3 percent drop in manufacturing output.

In three months to August, Mainland Norway expanded 0.7 percent from the preceding three months compared to 0.6 percent growth in March to May period. Overall Norway's growth held steady at 0.2 percent.

In three months to August, household and government spending gained 0.6 percent each. Gross fixed capital formation logged an expansion of 2.4 percent.

At the same time, exports fell 1.7 percent and imports decreased 1 percent.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback