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. source: Statistics Norway
Business Confidence in Norway averaged 2.65 points from 1988 until 2020, 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 April of 2021.
Business Confidence in Norway is expected to be -2.00 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.