Norway's industrial confidence indicator stood at 8.9 in the third quarter of 2018, unchanged from a downwardly revised figure in the previous period. It remained at its highest reading since the first quarter 2012, as manufacturers reported an increase in total production of intermediate, capital, and consumers goods. The overall employment showed a rise, with producers of capital and intermediate goods reporting strong growth while those of consumer goods seeing a slight decrease. Meantime, the general outlook for the fourth quarter of 2018 was clearly positive for the different industrial groupings. Industry leaders reported that investment plans are adjusted upwards and employment is expected to increase further. Also, new orders from both the domestic and export market were projected to grow and the total stock of orders is set to rise. Business Confidence in Norway averaged 2.78 Index Points from 1988 until 2018, 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 9.50 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 9.10 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
2018-01-22 07:00 AM Industrial Confidence 6.4 3.2 2.9
2018-04-20 06:00 AM Industrial Confidence 6.3 6.4 7.0 8
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 9.50
2019-04-19 06:00 AM Industrial Confidence 8
2019-07-24 06:00 AM Industrial Confidence 8.60


Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.90 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 56.10 56.00 64.10 36.90 [+]
Industrial Production 4.50 0.70 15.40 -13.10 percent [+]
Industrial Production Mom 2.30 -1.50 12.30 -9.30 percent [+]
Manufacturing Production 3.00 1.50 8.90 -10.40 percent [+]
Capacity Utilization 79.20 78.90 85.50 76.20 percent [+]
Changes in Inventories 29903.00 30104.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 457.00 419.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 14095.00 14055.00 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 0.60 1.00 -0.40 percent [+]
Mining Production -11.70 -4.10 69.00 -28.20 percent [+]
Steel Production 55.00 50.50 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 17.00 11.00 [+]
Corruption Index 85.00 85.00 91.00 79.00 Points [+]
Corruption Rank 3.00 6.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 13281.00 11198.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
8.90 8.90 20.10 -22.90 1988 - 2018 Index Points Quarterly
SA




Country Last Previous
Australia 3.00 Nov/18
Brazil 63.20 Nov/18
Canada 57.20 Nov/18
China 50.00 Nov/18
Euro Area 1.09 Nov/18
France 105.00 Nov/18
Germany 102.00 Nov/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 104.40 Nov/18
Japan 19.00 Dec/18
Mexico 49.90 Nov/18
Netherlands 7.20 Nov/18
Russia -6.00 Nov/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 73.00 Nov/18
Spain -0.20 Nov/18
Switzerland 99.10 Nov/18
Turkey 92.80 Nov/18
United Kingdom -16.00 Dec/18
United States 59.30 Nov/18


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