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.