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

Norway's industrial confidence indicator stood at 8.9 in the third quarter of 2018, unchanged from a downwardly revised figure in the previous period. It remained at its highest reading since the first quarter 2012, as manufacturers reported an increase in total production of intermediate, capital, and consumers goods. The overall employment showed a rise, with producers of capital and intermediate goods reporting strong growth while those of consumer goods seeing a slight decrease. Meantime, the general outlook for the fourth 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 further. Also, new orders from both the domestic and export market were projected to grow and the total stock of orders is set to rise. 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
2018-04-20 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 8.9 8.9 8.5


Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.90 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 55.70 60.50 64.10 36.90 [+]
Industrial Production 2.30 -0.80 15.40 -13.10 percent [+]
Industrial Production Mom 1.80 -1.90 13.10 -9.30 percent [+]
Manufacturing Production 5.10 1.50 8.90 -10.40 percent [+]
Capacity Utilization 79.20 78.90 85.50 76.20 percent [+]
Changes in Inventories 35634.00 40283.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 386.00 271.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 14044.00 15976.00 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 [+]
Leading Economic Index 0.60 0.80 0.90 -0.20 percent [+]
Mining Production -4.00 -2.70 69.00 -28.20 percent [+]
Steel Production 55.02 15.00 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 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 10544.00 9364.00 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.90 8.90 20.10 -22.90 1988 - 2018 Index Points Quarterly
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business confidence by Country
Country Last
Australia 6.00 Sep/18
Brazil 53.70 Oct/18
Canada 50.40 Sep/18
China 50.80 Sep/18
Euro Area 1.21 Sep/18
France 107.00 Sep/18
Germany 103.70 Sep/18
India 64.90 Jun/18
Indonesia 112.82 Jun/18
Italy 105.70 Sep/18
Japan 19.00 Sep/18
Mexico 50.90 Sep/18
Netherlands 5.70 Sep/18
Russia -3.00 Sep/18
Saudi Arabia 3.00 Jun/16
Singapore 7.00 Jun/18
South Africa 38.00 Sep/18
South Korea 73.00 Sep/18
Spain -3.70 Sep/18
Switzerland 102.20 Sep/18
Turkey 89.60 Sep/18
United Kingdom -3.00 Sep/18
United States 59.80 Sep/18


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