Norway's industrial confidence indicator fell to 8.8 in Q3 of 2021 from a downwardly revised 11.0 in Q2, which was the highest reading since Q4 2010. Growth among producers of capital goods moderated while the output of intermediate and consumer goods rose further. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials and logistics issues. New orders grew both in domestic and foreign markets. Meantime, price growth is reported for all types of goods. The general outlook for the 4th quarter of 2021 is clearly positive, but the proportion with an optimistic view is somehow lower. The total production volume is expected to rise further, along with new orders, employment, and total stock orders. The strongest growth is expected for producers of intermediate goods and capital goods, while the expected growth is somehow weaker for producers of consumer goods. The historical average of the index is 3.1. source: Statistics Norway
Business Confidence in Norway averaged 2.81 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 December of 2021.
Business Confidence in Norway is expected to be 9.00 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 4.00 points in 2022 and 2.00 points in 2023, according to our econometric models.