Norway's final investments for 2018 covering oil and gas, manufacturing, mining and quarrying and electricity supply increased year on year by 7.5 percent, the Statistics Norway (SSB) said on Thursday.
The statistics institute said that final investments for 2018 within oil and gas, manufacturing, mining and quarrying and electricity supply amounted to 217.4 billion Norwegian crowns (US$25.24 billion).
"The growth is mainly due to a strong increase of 27 percent within electricity supply, but manufacturing and the oil and gas industry also contributed positively," SSB said.
The institute said the latest estimates for 2019 are also positive, and suggest an overall increase of 8.3 percent compared with the corresponding figure for 2018.
"The increase in 2019 is driven by positive investment forecasts within the oil and gas industry, as well as strong investment growth within manufacturing," it noted.
(US$1 = 8.60 Norwegian crowns)
By Murat Temizer