Europe > Northern Europe > Norway > Norway Factory Growth Improves In January

Norway: Norway Factory Growth Improves In January

2014/02/03

Norway's factory activity increase improved in January, next easing in the previous month, thanks to increased order intake and employment increase, survey data from the Norwegian Association of Purchasing and Logistics (NIMA) and Danske Bank showed on Monday.

The manufacturing Purchasing Managers' Index rose to 52.8 from December's revised 51.4. In November, the score was 53.9.

The new orders sub-index climbed to 54.8 from 51.1 and the employment measure rose to 53.6 from 50.7. Meanwhile, the production sub-index eased to 51.8 from 53.9. The inventories sub-index remained in contraction zone.

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