Norway Industry Confidence  1988-2018 | Data | Chart | Calendar | Forecast

Norwegian industrial confidence index jumped to 6.4 in the fourth quarter of 2017 from an upwardly revised 3.2 in the previous three-month period. It was the highest reading since the second quarter of 2014, as Norwegian industrial managers reported a production increase in both capital and intermediate goods while consumer goods output was almost unchanged from the previous period. Moreover, the general outlook for the first quarter of 2018 was clearly positive, with the share of business leaders who feel optimistic about the coming quarter being greater than in the previous survey. Industry leaders reported that investment plans were adjusted upwards and new orders from both the domestic market and export market are expected to increase. Also, the total stock of orders is set to rise, as well as employment. Business Confidence in Norway averaged 2.69 Index Points from 1988 until 2017, reaching an all time high of 20.10 Index Points in the fourth quarter of 2006 and a record low of -22.90 Index Points in the fourth quarter of 2008.

Norway Industry Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-25 06:00 AM Industrial Confidence 3.8 1.5 2.5
2017-10-20 06:00 AM Industrial Confidence 2.3 3.7 4.2
2018-01-22 07:00 AM Industrial Confidence 6.4 3.2 2.9
2018-04-20 06:00 AM Industrial Confidence 6.4 5.85
2018-07-24 06:00 AM Industrial Confidence 5.78
2018-10-19 06:00 AM Industrial Confidence 5.28


Norway Business Last Previous Highest Lowest Unit
Business Confidence 6.40 3.20 20.10 -22.90 Index Points [+]
Manufacturing PMI 59.00 58.10 64.40 35.00 [+]
Industrial Production 0.30 -1.30 15.40 -13.10 percent [+]
Industrial Production Mom -0.40 0.40 12.90 -9.30 percent [+]
Manufacturing Production 3.40 2.30 8.90 -10.40 percent [+]
Capacity Utilization 77.90 77.90 85.50 76.20 percent [+]
New Orders 146.10 97.80 171.00 39.70 Index Points [+]
Changes in Inventories 42927.00 36269.00 56094.00 3249.00 NOK Million [+]
Bankruptcies 367.00 456.00 595.00 43.00 Companies and persons [+]
Car Registrations 11251.00 18196.00 19014.50 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Mining Production -5.40 -5.20 69.00 -28.20 percent [+]
Steel Production 55.00 55.00 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 5.40 5.44 5.44 5.14 Points [+]
Competitiveness Rank 11.00 11.00 17.00 11.00 [+]
Corruption Index 85.00 87.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Ease of Doing Business 8.00 6.00 10.00 6.00 [+]
Electricity Production 14865.00 13743.00 16376.00 6653.00 Gigawatt-hour [+]


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. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - actual data, historical chart and calendar of releases - was last updated on February of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.40 3.20 20.10 -22.90 1988 - 2017 Index Points Quarterly
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business confidence by Country
Country Last
Australia 12.00 Jan/18
Brazil 58.80 Feb/18
Canada 55.20 Jan/18
China 51.30 Jan/18
Euro Area 1.54 Jan/18
France 112.00 Feb/18
Germany 115.40 Feb/18
India 59.70 Dec/17
Indonesia 111.02 Dec/17
Italy 109.90 Jan/18
Japan 25.00 Dec/17
Mexico 50.40 Jan/18
Netherlands 10.30 Jan/18
Russia -3.00 Jan/18
South Korea 77.00 Jan/18
Spain 3.70 Jan/18
Switzerland 106.90 Jan/18
Turkey 110.80 Feb/18
United Kingdom 13.00 Mar/18
United States 59.10 Jan/18


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