A 7.1% month-over-month contraction in Norway's industrial production for July reverses the 7.6% expansion recorded in the prior period. The sequential swing totals 14.7 percentage points, moving the series from growth to contraction in a single reporting cycle.
| Period | MoM change |
|---|---|
| Prior period (reported) | +7.6% |
| July (reported) | -7.1% |
| Sequential swing | -14.7pp |
The prior expansion is effectively erased. July's 7.1% decline nearly matches the preceding 7.6% gain in absolute-value terms, and the release does not break out industrial sub-sectors, leaving the specific driver of the reversal unattributed from this print.