Norway's industrial confidence indicator fell to 5.6 in the second quarter of 2019 from a downwardly revised 6.8 in the previous period. This was the weakest industrial confidence since the third quarter 2016. Manufacturers reported an increase in total production of consumer, capital, with intermediate goods reporting moderate growth; and the overall employment rose, with oil investment reporting strong growth. Still, new orders from both the domestic and export market increased. The general outlook for the third quarter of 2019 is clearly positive for manufacturing, but the numbers of leaders with an optimistic view of the coming quarter is somewhat lower than in the previous survey. Industry leaders report that growth rate for new order and total stocks of order are expected to increase further. Meantime, the growth rate in exports market prices is expected to fall in the third quarter. Business Confidence in Norway averaged 2.93 Index Points from 1988 until 2019, 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.

Business Confidence in Norway is expected to be 9.00 Index 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 7.50 in 12 months time. In the long-term, the Norway Industry Confidence is projected to trend around 5.10 Index Points in 2020, according to our econometric models.

Norway Industry Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-19 06:00 AM Industrial Confidence Q3 8.9 8.9 8.5
2019-01-25 07:00 AM Industrial Confidence Q4 9.0 8.9 9.5
2019-04-25 06:00 AM Industrial Confidence Q1 6.9 8.7 9.5
2019-07-23 06:00 AM Industrial Confidence Q2 5.6 6.8 5.1
2019-10-21 06:00 AM Industrial Confidence Q3 5.6 5.1


Norway Business Last Previous Highest Lowest Unit
Business Confidence 5.60 6.80 20.10 -22.90 Index Points [+]
Manufacturing PMI 50.40 53.90 64.13 36.84 [+]
Industrial Production -9.20 -5.70 15.40 -13.10 percent [+]
Industrial Production Mom -2.10 0.60 12.30 -9.30 percent [+]
Manufacturing Production 1.70 3.80 8.90 -10.40 percent [+]
Capacity Utilization 79.30 79.30 85.50 76.20 percent [+]
Changes in Inventories 26908.00 32011.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 358.00 305.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 13312.00 13264.00 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 0.90 0.70 1.00 -0.50 percent [+]
Mining Production 6.50 20.00 69.00 -28.20 percent [+]
Steel Production 59.77 20.30 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 19.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 17.00 11.00 [+]
Corruption Index 84.00 85.00 91.00 79.00 Points [+]
Corruption Rank 7.00 3.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 9790.00 9470.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.60 6.80 20.10 -22.90 1988 - 2019 Index Points Quarterly
SA




Country Last Previous
Australia 0.00 Sep/19
Brazil 59.40 Sep/19
Canada 48.70 Sep/19
China 49.80 Sep/19
Euro Area -0.22 Sep/19
France 102.00 Sep/19
Germany 94.60 Sep/19
India 112.80 Sep/19
Indonesia 108.81 Jun/19
Italy 98.80 Sep/19
Japan 5.00 Sep/19
Mexico 50.30 Sep/19
Netherlands 3.30 Sep/19
Russia -2.00 Sep/19
Saudi Arabia 3.00 Jun/16
Singapore -11.00 Jun/19
South Africa 21.00 Sep/19
South Korea 71.00 Sep/19
Spain -5.30 Sep/19
Switzerland 93.20 Sep/19
Turkey 98.80 Sep/19
United Kingdom -32.00 Sep/19
United States 47.80 Sep/19


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