Norway’s industrial confidence rose to 3.4 in Q3 2026 from a downwardly revised 2.5 in the previous quarter, exceeding its long-term average of 2.9. This marked the highest reading since Q1 2025, as total industrial production improved slightly, driven largely by a strong increase in output among intermediate goods manufacturers, particularly non-ferrous metals producers. Consumer goods production also rose moderately, while investment goods output remained unchanged as declining oil and gas investment continued to weigh on the sector. Meanwhile, industrial employment remained broadly flat for a fourth consecutive quarter. On the price front, input costs increased at a faster pace than selling prices. Looking ahead, firms remain optimistic, expecting higher production, employment, order intake, and order backlogs in the fourth quarter. source: Statistics Norway

Business Confidence in Norway increased to 3.40 points in the third quarter of 2026 from 2.50 points in the second quarter of 2026. Business Confidence in Norway averaged 2.60 points from 1988 until 2026, 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 October of 2026.

Business Confidence in Norway increased to 3.40 points in the third quarter of 2026 from 2.50 points in the second quarter of 2026. Business Confidence in Norway is expected to be -2.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Industry Confidence is projected to trend around 1.00 points in 2027 and -1.00 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-22 06:00 AM
Industrial Confidence
Q2 2.6 1.4 -1
2026-10-22 06:00 AM
Industrial Confidence
Q3 3.4 2.5 1


Related Last Previous Unit Reference
Bankruptcies 328.00 215.00 Companies and Individuals Sep 2026
Industrial Confidence 3.40 2.50 points Sep 2026
Capacity Utilization 77.90 78.10 percent Jun 2026
Car Registrations 17025.00 15279.00 Units Sep 2026
Changes in Inventories -3505.00 99.00 NOK Million Jun 2026
Industrial Production YoY -0.60 -1.80 percent Aug 2026
Industrial Production MoM 1.00 -7.10 percent Aug 2026
GDP Mainland MoM 0.00 0.50 percent Jun 2026
Manufacturing Production YoY 0.40 1.50 percent Aug 2026
Mining Production -0.40 -15.80 percent Aug 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.50 20.10 -22.90 1988 - 2026 points Quarterly
SA

News Stream
Norway Industrial Confidence Hits Highest Since Q1 2025
Norway’s industrial confidence rose to 3.4 in Q3 2026 from a downwardly revised 2.5 in the previous quarter, exceeding its long-term average of 2.9. This marked the highest reading since Q1 2025, as total industrial production improved slightly, driven largely by a strong increase in output among intermediate goods manufacturers, particularly non-ferrous metals producers. Consumer goods production also rose moderately, while investment goods output remained unchanged as declining oil and gas investment continued to weigh on the sector. Meanwhile, industrial employment remained broadly flat for a fourth consecutive quarter. On the price front, input costs increased at a faster pace than selling prices. Looking ahead, firms remain optimistic, expecting higher production, employment, order intake, and order backlogs in the fourth quarter.
2026-10-22
Norway Industrial Confidence Improves in Q2
Norway’s industrial confidence rose to 2.6 in Q2 2026, following an upwardly revised 1.4 in the previous quarter, though it remained below its long-term average of 2.9. The improvement came as total industrial production edged higher, driven by a strong increase in output among intermediate goods manufacturers. Producers of consumer goods was unchanged, while investment goods output continued to decline as reduced oil and gas investments weighed on demand. Employment remained broadly stable for a third consecutive quarter, while total order shrank amid weaker domestic and export demand, led by a sharp decline in capital goods orders. On the price front, input costs continued to rise faster than selling prices. Looking ahead, firms expect production, employment, order intake, and order backlogs to increase in the third quarter, despite anticipating further rises in input and selling prices.
2026-07-22
Norway Business Morale Weakens in Q1
Norway’s industrial confidence fell to 1.2 in Q1 2026, from 2.6 in the previous quarter, and below its long-term average of 2.9. Sentiment weakened among producers of capital goods, while producers of consumer goods reported unchanged production. Meanwhile, producers of intermediate goods contributed positively to overall confidence. New orders declined in export markets, while domestic orders remained steady. Employment conditions eased, with employment among producers of consumer goods declining, while producers of intermediate and capital goods reported unchanged employment levels. On the price front, industrial managers reported sustained price increases in both domestic and export markets, with stronger rises for consumer goods. Looking ahead, the general outlook for Q2 2026 remains positive, supported by confidence among intermediate producers, whereas producers of capital and consumer goods have weaker expectations.
2026-04-23