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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.
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