Norway's industrial confidence indicator increased to a 9-quarter high of 8.2 in Q1 of 2021 from an upwardly revised 3.8 in the previous period. The industrial morale indicator was positive for producers of intermediate goods, while the production volume in consumer goods was approximately unchanged from Q4 2020. By contrast, producers of capital good continued to report a decline in production volume. The general outlook for Q2 of 2021 is overall somewhat positive, and the proportion with an optimistic view for the coming quarter is higher than in the previous survey. The producers of all goods types have positive expectations, with the producers of intermediate goods and consumer goods who have the most optimistic. The industry leaders report that total production volume is expected to grow compared with Q1, while total industry employment is expected to moderate in the coming quarter and new orders from both the domestic and the export market are expected to increase further. source: Statistics Norway

Business Confidence in Norway averaged 2.70 points from 1988 until 2021, reaching an all time high of 20.10 points in the fourth quarter of 2006 and a record low of -22.90 points in the fourth quarter of 2008. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Business Confidence in Norway is expected to be -4.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Norway to stand at -4.00 in 12 months time. In the long-term, the Norway Industry Confidence is projected to trend around -1.00 points in 2022, according to our econometric models.

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Norway Industry Confidence

Actual Previous Highest Lowest Dates Unit Frequency
8.20 3.80 20.10 -22.90 1988 - 2021 points Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-07-23 06:00 AM Q2 -10.1 -17.4 -10
2020-10-22 06:00 AM Q3 1.7 -9.6 -12
2021-01-21 07:00 AM Q4 3.1 2.0 -7
2021-04-22 06:00 AM Q1 8.2 3.8 2
2021-07-22 06:00 AM Q2 8.2
2021-10-22 06:00 AM Q3


News Stream
Norway Business Confidence Strongest in Over 2 Years
Norway's industrial confidence indicator increased to a 9-quarter high of 8.2 in Q1 of 2021 from an upwardly revised 3.8 in the previous period. The industrial morale indicator was positive for producers of intermediate goods, while the production volume in consumer goods was approximately unchanged from Q4 2020. By contrast, producers of capital good continued to report a decline in production volume. The general outlook for Q2 of 2021 is overall somewhat positive, and the proportion with an optimistic view for the coming quarter is higher than in the previous survey. The producers of all goods types have positive expectations, with the producers of intermediate goods and consumer goods who have the most optimistic. The industry leaders report that total production volume is expected to grow compared with Q1, while total industry employment is expected to moderate in the coming quarter and new orders from both the domestic and the export market are expected to increase further.
2021-04-22
Norway Industrial Sentiment Strongest in 1-1/2 Years
Norway's industrial confidence indicator increased to a 6-quarter high of 3.1 in Q4 of 2020 from a revised 2.0 in the previous period. Industrial sentiment has exceeded the historical average of 2.9 for the first time since Q2 of 2019. The industrial morale indicator was positive for both the majority of producers of intermediate goods and consumer goods, while it was still negative for producers of capital goods. The general outlook for Q1 of 2021 is overall somewhat positive, and the proportion with an optimistic view for the coming quarter is higher than in the previous survey, with producers of intermediate and consumer goods have positive expectations. The industry leaders report that total production volume is expected to be at the same level as in Q4, while total industry employment is expected to fall in the coming quarter and new orders from both the domestic and the export market are expected to increase.
2021-01-21
Norway Business Morale Back into Positive Territory
Norway's industrial confidence indicator increased to 1.7 in Q3 of 2020 from a revised -9.6 in the previous period. Industrial morale returned to positive territory for first time since Q4 of 2019, but in still below the historical average of 2.9. The industrial confidence indicator was positive for both the majority of producers of intermediate goods and consumer goods, while it was still negative for producers of capital goods. The general outlook for Q4 of 2020 is still being affected by measures to against the spread of COVID-19, with producers of capital and intermediate goods being the most pessimistic while producers of consumer goods have a positive view of the outlook for the next quarter. The industry leaders report that future investment plans are adjusted downwards and new orders from both the domestic and the export market are expected to decline sharply. The same applies to employment, which is expected to decrease significantly in Q4 of 2020 for manufacturing as a whole.
2020-10-22
Norway Industrial Sentiment Improves in Q2
Norway's industrial confidence indicator rose to -10.1 in the second quarter of 2020 from a revised -17.4 in the previous period. Still, industrial morale remained in negative territory, as output, total new orders and employment declined due to the impact of the coronavirus pandemic. The general outlook for the third quarter of 2020 is still being affected by measures to combat the spread of COVID-19, with producers of capital and intermediate goods being the most pessimistic. The industry leaders report that future investment plans are adjusted downwards and new orders from both the domestic and the export market are expected to decrease sharply. The same applies to employment, which is expected to decline significantly in the third quarter of 2020 for manufacturing as a whole.
2020-07-23

Norway Industry Confidence
In Norway, Industrial confidence indicator (ICI) Business tendency survey is the arithmetic average of the responses (balances) to the questions on production expectations, total stock of orders and inventories of own products. The indicator is a guide to the level of industrial production since: an expected rise in the level of output gives signals of increased production in the forthcoming quarter; an increase in the total stock of orders indicates a higher level of production due to the future fulfillment of these orders; an increase in the inventories of own products indicates slow sales and reduced activity.