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Norway Manufacturing 1.5% m-o-m in Aug-23

- Norway's manufacturing output rose by 1.5% m-o-m in August 2023, indicating a notable recovery from the previous contraction.
- The manufacturing output exceeded the one-year average by 1.5 percentage points, suggesting a deviation from the normal trend and the potential for sustained growth.

Norway DNB PMI 52.5 in Sep-23

- The September 2023 Norway DNB PMI reading of 52.5 indicates an expansion in the manufacturing sector, surpassing the neutral threshold of 50 and the previous month's reading of 51.2.
- This is the highest PMI reading recorded since July 2023, implying positive momentum in Norway's manufacturing sector. The reading of 52.5 is 1.92 points above the one-year average, highlighting the robustness of the sector's performance.

Norway retail sales -0.3% m-o-m in Aug-23

- Norway's retail sales in August 2023 experienced a slight decline of 0.3% compared to the previous month, but this is an improvement from the previous decline of 0.89%.
- August 2023 saw the highest growth in retail sales since June 2023, indicating a positive trend and gradual recovery in the retail sector.

Norway unemployment rate 3.5% in Aug-23

- Norway's unemployment rate stood at 3.5% in August 2023, showing stability in the labor market.
- The current rate is slightly higher than the one-year average but lower than the long-run average.