Norway Industry Confidence  1988-2017 | Data | Chart | Calendar | Forecast

rManufacturing confidence in Norway jumped to 3.8 in the June quarter of 2017 an upwardly revised 1.5 in the previous period. It was the highest reading since the second quarter 2014, mainly supported by an increase in the output of intermediate goods, of which basic chemicals and the industry grouping rubber, plastic and mineral products. In contrast, a decline was seen in the production of capital and consumer goods. Also, employment dropped, significantly among producers of capital goods, which were particularly affected by the reduced investment activity in the petroleum related industry. Meanwhile, general outlook for the coming quarter is positive, as industry leaders report that investment plans are adjusted upwards, while employment will see a further drop. New orders from both the domestic market and export market are expected to increase. The total stock of orders is expected to increase. Business Confidence in Norway averaged 2.66 from 1988 until 2017, reaching an all time high of 20.10 in the fourth quarter of 2006 and a record low of -22.90 in the fourth quarter of 2008.

Norway Industry Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2017-01-30 07:00 AM Industrial Confidence 0 -5 -2
2017-04-21 06:00 AM Industrial Confidence 1 0 3 2
2017-07-25 06:00 AM Industrial Confidence 3.8 1.5 2.5
2017-10-20 06:00 AM Industrial Confidence 3.6


Norway Business Last Previous Highest Lowest Unit
Business Confidence 3.80 1.50 20.10 -22.90 [+]
Manufacturing PMI 55.70 57.50 64.40 34.90 [+]
Industrial Production 0.50 5.40 15.40 -13.10 percent [+]
Industrial Production Mom 0.70 0.50 12.30 -9.30 percent [+]
Manufacturing Production 1.40 1.00 8.90 -10.40 percent [+]
Capacity Utilization 77.70 77.00 85.50 76.20 percent [+]
New Orders 107.30 115.00 171.00 39.70 Index Points [+]
Changes in Inventories 47292.00 52639.00 56094.00 3271.00 NOK Million [+]
Bankruptcies 256.00 428.00 595.00 43.00 Companies and persons [+]
Car Registrations 15206.00 15066.00 19014.50 4089.00 Cars [+]
Competitiveness Index 5.44 5.41 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 6.00 8.00 10.00 6.00 [+]
Electricity Production 10624.00 11068.00 16376.00 6653.00 Gigawatt-hour [+]
Steel Production 15.00 51.78 97.00 0.00 Thousand Tonnes [+]
Mining Production 5.50 4.00 69.00 -28.20 percent [+]


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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.80 1.50 20.10 -22.90 1988 - 2017 Quarterly
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business confidence by Country

Last
Australia 5.00 Aug/17
Brazil 52.60 Aug/17
Canada 56.30 Aug/17
China 51.70 Aug/17
Euro Area 1.09 Aug/17
France 111.00 Aug/17
Germany 115.90 Aug/17
India 64.10 Mar/17
Indonesia 111.63 Jun/17
Italy 108.10 Aug/17
Japan 17.00 Jun/17
Mexico 49.08 Aug/17
Netherlands 5.40 Aug/17
Russia -2.00 Aug/17
South Korea 78.00 Aug/17
Spain -0.40 Aug/17
Switzerland 104.10 Aug/17
Turkey 110.70 Aug/17
United Kingdom 5.00 Sep/17
United States 58.80 Aug/17