July 8, 2020 / 6:12 AM / in a month

Norway's economy rebounded in May as lockdown lifted

OSLO, July 8 (Reuters) - The Norwegian economy rebounded in May after two months of steep decline as a gradual reopening of businesses from coronavirus lockdowns helped turn activity around, Statistics Norway (SSB) said on Wednesday.

The mainland economy, which excludes the volatile offshore oil and gas production, grew by 2.4% in May from April but has still contracted by 8.9% since February, the agency said.

Reporting by Terje Solsvik, editing by Victoria Klesty

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