Norway Industry Confidence  1988-2017 | Data | Chart | Calendar | Forecast

Norwegian industrial confidence index fell to 2.3 in the third quarter of 2017 from a downwardlly revised 3.7 in the previous period. The decline was due to a drop in the production of consumer goods, as lower output was seen for food and beverage industry. Meantime, manufacturers of capital goods were showing signs of improvement and the reduction in output was leveling off. At the same time, the output of intermediate goods increased. Employment was more or less unchanged. Producers of intermediate goods reported some increase in employment while there was still a decline for producers of capital goods. General outlook for the coming quarter is positive, as industry leaders report that investment plans are adjusted upwards and new orders from both the domestic market and export market are expected to increase. The total stock of orders is also expected to increase. Meanwhile, employment will see a further drop. Business Confidence in Norway averaged 2.66 from 1988 until 2017, reaching an all time high of 20.10 in the fourth quarter of 2006 and a record low of -22.90 in the fourth quarter of 2008.

Norway Industry Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2017-04-21 06:00 AM Industrial Confidence 1 0 3 2
2017-07-25 06:00 AM Industrial Confidence 3.8 1.5 2.5
2017-10-20 06:00 AM Industrial Confidence 2.3 3.7 4.2


Norway Business Last Previous Highest Lowest Unit
Business Confidence 2.30 3.70 20.10 -22.90 [+]
Manufacturing PMI 54.50 52.30 64.40 34.90 [+]
Industrial Production 12.30 6.70 15.40 -13.10 percent [+]
Industrial Production Mom -0.50 0.50 12.30 -9.30 percent [+]
Manufacturing Production 1.20 0.20 8.90 -10.40 percent [+]
Capacity Utilization 77.90 77.70 85.50 76.20 percent [+]
New Orders 97.80 107.30 171.00 39.70 Index Points [+]
Changes in Inventories 31604.00 47292.00 56094.00 3271.00 NOK Million [+]
Bankruptcies 366.00 331.00 595.00 43.00 Companies and persons [+]
Car Registrations 14796.00 15442.00 19014.50 4089.00 Cars [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Mining Production -1.60 -4.00 69.00 -28.20 percent [+]
Steel Production 50.00 50.00 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 5.40 5.44 5.44 5.14 Points [+]
Competitiveness Rank 11.00 11.00 17.00 11.00 [+]
Corruption Index 85.00 87.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Ease of Doing Business 8.00 6.00 10.00 6.00 [+]
Electricity Production 11358.00 11112.00 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 3.70 20.10 -22.90 1988 - 2017 Quarterly
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business confidence by Country
Country Last
Australia 8.00 Oct/17
Brazil 56.00 Oct/17
Canada 63.80 Oct/17
China 51.60 Oct/17
Euro Area 1.44 Oct/17
France 111.00 Oct/17
Germany 116.70 Oct/17
India 64.10 Mar/17
Indonesia 112.39 Sep/17
Italy 111.00 Oct/17
Japan 22.00 Sep/17
Mexico 49.44 Oct/17
Netherlands 8.20 Oct/17
Russia -3.00 Oct/17
South Korea 81.00 Oct/17
Spain 2.50 Oct/17
Switzerland 109.10 Oct/17
Turkey 109.50 Oct/17
United Kingdom -11.00 Dec/17
United States 58.70 Oct/17