Norway's industrial confidence indicator fell to 6.9 in the fourth quarter of 2018 from a downwardly revised 8.7. It was the weakest industrial confidence since the first quarter last year. Manufacturers reported an increase in total production of intermediate, capital, consumer goods; and the overall employment rose, with both oil investment and contract volume reporting strong growth. Still, new orders from both the domestic and export market increased. The general outlook for the second quarter of 2019 is clearly positive for manufacturing. Industry leaders report that growth rate for employment, new order and total stocks of order are expected to increase further. Also, optimism is also reflected in the indicator for future investment, where it is reported that approved investment plans are adjusted upwards. Business Confidence in Norway averaged 3.41 Index Points from 1988 until 2019, reaching an all time high of 69 Index Points in the first quarter of 2019 and a record low of -22.90 Index Points in the fourth quarter of 2008.

Business Confidence in Norway is expected to be 9.10 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 8.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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
2019-01-25 07:00 AM Industrial Confidence 9.0 8.9 9.5
2019-04-25 06:00 AM Industrial Confidence 6.9 8.7 9.5
2019-07-23 06:00 AM Industrial Confidence 6.9 9.1
2019-10-21 06:00 AM Industrial Confidence 9


Norway Business Last Previous Highest Lowest Unit
Business Confidence 6.90 8.70 20.10 -22.90 Index Points [+]
Manufacturing PMI 53.80 56.30 64.10 36.90 [+]
Industrial Production -6.50 -5.70 15.40 -13.10 percent [+]
Industrial Production Mom -1.40 -1.80 12.50 -9.30 percent [+]
Manufacturing Production 1.40 3.10 8.90 -10.40 percent [+]
Capacity Utilization 79.30 79.60 85.50 76.20 percent [+]
Changes in Inventories 31468.00 32631.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 499.00 410.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 13487.00 17227.00 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 0.30 0.70 1.10 -0.50 percent [+]
Mining Production -2.90 21.20 69.00 -28.20 percent [+]
Steel Production 51.89 55.00 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 16.00 25.00 6.00 [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 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 11305.00 11745.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 8.70 20.10 -22.90 1988 - 2019 Index Points Quarterly
SA




Country Last Previous
Australia 0.00 Apr/19
Brazil 56.50 May/19
Canada 55.90 Apr/19
China 50.10 Apr/19
Euro Area 0.42 Apr/19
France 104.00 May/19
Germany 97.90 May/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 100.60 Apr/19
Japan 12.00 Mar/19
Mexico 53.00 Apr/19
Netherlands 6.70 Apr/19
Russia -2.00 Apr/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Mar/19
South Korea 75.00 Apr/19
Spain -3.80 Apr/19
Switzerland 96.20 Apr/19
Turkey 98.90 May/19
United Kingdom -13.00 Jun/19
United States 52.80 Apr/19


Related

Latest