Norway’s industrial confidence advanced to 2.6 in Q4 2025, following an upwardly revised 0.2 in Q3, though it remained below its long-term average of 2.9. Sentiment improved among producers of intermediate goods, while producers of consumer goods reported unchanged production. Meanwhile, producers of capital goods contributed negatively to the overall confidence. New orders declined across both export and domestic markets, although outlook still remained optimistic. On the price front, industrial managers reported sustained price increases in both domestic and export markets, with stronger rises for consumer goods. Employment conditions remained subdued, with producers of capital and intermediate goods reporting no change in employment levels. Looking ahead, the general outlook of Q1 of 2026 is positive, supported by confidence among intermediate producers, whereas producers of capital and consumer goods maintained neutral expectations. source: Statistics Norway

Business Confidence in Norway increased to 2.60 points in the fourth quarter of 2025 from 0.20 points in the third quarter of 2025. Business Confidence in Norway averaged 2.60 points from 1988 until 2025, 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 February of 2026.

Business Confidence in Norway increased to 2.60 points in the fourth quarter of 2025 from 0.20 points in the third quarter of 2025. 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 2.00 points in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-10-16 06:00 AM
Industrial Confidence
Q3 -0.3 0.4 1
2026-01-15 07:00 AM
Industrial Confidence
Q4 2.6 0.2 1
2026-04-23 06:00 AM
Industrial Confidence
Q1 2.6 2


Related Last Previous Unit Reference
Bankruptcies 295.00 340.00 Companies and Individuals Dec 2025
Industrial Confidence 2.60 0.20 points Dec 2025
Capacity Utilization 77.40 78.20 percent Sep 2025
Car Registrations 8446.00 30541.00 Units Jan 2026
Changes in Inventories -39451.00 2069.00 NOK Million Dec 2025
Industrial Production YoY 2.30 2.00 percent Dec 2025
Industrial Production MoM 0.80 -1.90 percent Dec 2025
GDP Mainland MoM 0.00 0.10 percent Dec 2025
Manufacturing Production YoY 1.20 4.40 percent Dec 2025
Mining Production -35.20 -13.80 percent Dec 2025


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
2.60 0.20 20.10 -22.90 1988 - 2025 points Quarterly
SA

News Stream
Norway Industrial Confidence Improves in Q4
Norway’s industrial confidence advanced to 2.6 in Q4 2025, following an upwardly revised 0.2 in Q3, though it remained below its long-term average of 2.9. Sentiment improved among producers of intermediate goods, while producers of consumer goods reported unchanged production. Meanwhile, producers of capital goods contributed negatively to the overall confidence. New orders declined across both export and domestic markets, although outlook still remained optimistic. On the price front, industrial managers reported sustained price increases in both domestic and export markets, with stronger rises for consumer goods. Employment conditions remained subdued, with producers of capital and intermediate goods reporting no change in employment levels. Looking ahead, the general outlook of Q1 of 2026 is positive, supported by confidence among intermediate producers, whereas producers of capital and consumer goods maintained neutral expectations.
2026-01-15
Norway Industrial Confidence Falls to Near 2-Year Low
Norway’s industrial confidence indicator fell to -0.3 in Q3 2025 from a downwardly revised 0.4 in Q2 and below the historical average of 2.9. This marked the lowest reading since Q4 2023, reflecting weaker sentiment among producers of investment goods, while producers of input and consumer goods contributed positively. New orders declined across both export and domestic markets, with the contraction more notable in the export sector. On the price front, industrial managers reported sustained price increases in both domestic and export markets, although prices for intermediate goods remained unchanged. Meanwhile, overall employment improved, with producers of investment goods responsible for most of the growth. Looking ahead, the general outlook for Q3 2025 is mildly positive, supported by confidence among capital goods producers, whereas producers of consumer goods have neutral expectations.
2025-10-16
Norway Industrial Confidence Falls to Over 1-Year Low
Norway’s industrial confidence indicator dropped to 0.9 in Q2 2025, down from a downwardly revised 3.4 in Q1 and below the historical average of 2.9. This marked the lowest reading since Q1 2024, reflecting weaker sentiment among producers of both capital and consumer goods, while producers of intermediate goods contributed positively. New orders from export markets declined slightly, while domestic orders remained unchanged. Meanwhile, most producers of intermediate and consumer goods reported a modest increase in production, whereas capital goods producers saw a clear rise. Many industrial managers noted rising prices in both domestic and export markets, with producers of consumer goods recording the sharpest increase in cost prices. On a positive note, overall employment went up, with producers of capital goods responsible for most of the growth. Looking ahead, the general outlook for Q3 2025 is neutral.
2025-07-24