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

Norway's industrial confidence indicator jumped to 9.2 in the second quarter of 2018 from an upwardly revised 6.8 in the previous period and easily beating market estimates of 7.0. It was the highest reading since the fourth quarter 2010, as manufacturers reported an increase in total production of capital, intermediate and consumers goods. The overall employment showed a moderate rise, with producers of intermediate goods reporting strong growth while those of consumer goods and capital goods seeing a slight increase. Meantime, the general outlook for the third quarter of 2018 was clearly positive for the different industrial groupings. Industry leaders reported that investment plans are adjusted upwards and employment is expected to increase. Also, new orders from both the domestic market and export market were projected to grow and the total stock of orders is set to increase as well. Business Confidence in Norway averaged 2.78 Index Points from 1988 until 2018, 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
2018-01-22 07:00 AM Industrial Confidence 6.4 3.2 2.9
2018-04-20 06:00 AM Industrial Confidence 6.3 6.4 7.0 8
2018-07-24 06:00 AM Industrial Confidence 9.2 6.8 7.0 7.5
2018-10-19 06:00 AM Industrial Confidence 9.2 8.5


Norway Business Last Previous Highest Lowest Unit
Business Confidence 9.20 6.80 20.10 -22.90 Index Points [+]
Manufacturing PMI 49.30 55.80 64.10 36.90 [+]
Industrial Production 2.90 -1.60 15.40 -13.10 percent [+]
Industrial Production Mom 4.70 -1.00 13.00 -9.30 percent [+]
Manufacturing Production 0.60 0.50 8.90 -10.40 percent [+]
Capacity Utilization 78.90 78.00 85.50 76.20 percent [+]
Changes in Inventories 54179.00 44693.00 56094.00 3249.00 NOK Million [+]
Bankruptcies 474.00 421.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 13140.00 16610.00 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 -0.30 -1.30 69.00 -28.20 percent [+]
Steel Production 52.67 46.61 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 85.00 91.00 79.00 Points [+]
Corruption Rank 3.00 6.00 14.00 3.00 [+]
Ease of Doing Business 8.00 6.00 10.00 6.00 [+]
Electricity Production 10258.00 10547.00 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.20 6.80 20.10 -22.90 1988 - 2018 Index Points Quarterly
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business confidence by Country
Country Last
Australia 7.00 Jul/18
Brazil 50.20 Jul/18
Canada 61.80 Jul/18
China 51.20 Jul/18
Euro Area 1.29 Jul/18
France 108.00 Jul/18
Germany 101.70 Jul/18
India 59.70 Dec/17
Indonesia 112.82 Jun/18
Italy 106.90 Jul/18
Japan 21.00 Jun/18
Mexico 50.70 Jul/18
Netherlands 6.30 Jul/18
Russia -2.00 Jul/18
South Korea 74.00 Jul/18
Spain -1.90 Jul/18
Switzerland 101.10 Jul/18
Turkey 102.70 Jul/18
United Kingdom -3.00 Sep/18
United States 58.10 Jul/18


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