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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NORWAY
Norwegian industrial production fell -8.7% Y/Y in August (vs -1.5% prior), while manufacturing production rose +1.4% Y/Y (vs -2.3% prior; both working day adjusted).
- On a seasonally adjusted basis, production rose +0.5% M/M (vs +2.1% prior), while manufacturing was +1.5% M/M (vs -1.3% prior).
- The Y/Y manufacturing figure was buoyed the ships, boats and oil platforms component which rose +19.7% Y/Y.
- While industrial production has a limited correlation with the monthly GDP indicator, todays print will serve as an input into Monday's August GDP estimate.
- NOK currently trades slightly lower against the G10 today, with weaker Brent prices weighing again.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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