(RTTNews) - Friday, a report by Statistics Norway said industrial output increased in July due to rise in output from the manufacturing, and oil and gas extraction sectors. On the other hand, production of electricity, gas and steam supply declined.

Industrial output grew a seasonally adjusted 1.2% in the month compared with 0.7% decline in June. Manufacturing output grew 0.1%, while production of oil and gas extraction rose 2.1%. However, output of electricity, gas and steam supply fell 0.7%.

On the basis of end use, capital goods production rose 4.1%, while energy output grew 2.3%. On the other hand, intermediate goods output declined 0.7%, and that of consumer goods fell 1.1%.

On a yearly basis, industrial output increased a working-day adjusted 3.7% helped by a 19% rise in capital goods production. Consumer goods output declined 4.8%.

Turnover of the industrial sector increased 26.2% year-on-year in July. Turnover of oil and gas extraction grew 29.8%, while it rose 22% for manufacturing. Within manufacturing, turnover increased 25.7% in the domestic market and 17.1% in the export market. In utilities sector it increased 35.3%.

Within the main industrial groupings, turnover rose the most for capital goods, growing 51.3%, followed by a 32.4% rise for energy. Turnover also increased 8.8% for consumer goods and 5.4% for intermediate goods.

Meanwhile, in a separate report the statistical office said the value of new orders received in the construction sector declined 13% in the second quarter compared with the same period last year. While new orders for buildings fell 21%, it rose 8% for civil engineering.

During this period, labor labor costs per hour increased 2% in the construction sector compared with 1% rise in the same quarter of the previous year.

Among the other sectors, the fastest rise in labor costs of 7.5% was in electricity supply. This was followed by a 5.2% rise in construction and a 5.1% increase in manufacturing.

Labor costs grew the slowest in transport and communication and real estate and business activities. While labor costs increased 3.4% in transport and communication, it rose 3.7% in real estate and business activities.

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