Norway Industrial Production  1991-2018 | Data | Chart | Calendar

Industrial production in Norway fell by 0.8 percent from a year earlier in July of 2018, after a 2.9 percent surge in the previous month. Extraction and related services output dropped (-1.9 percent vs 1.8 percent in June), mainly dragged by extraction of crude petroleum (-5.6 percent vs -5.9 percent). Also, output continued to decline for both mining and quarrying (-2.8 percent vs -0.3 percent) and electricity, gas and steam (-11.9 percent vs -12.6 percent). Meantime, manufacturing output growth accelerated to 1.5 percent in July from 0.8 percent in June, driven by production of refined petroleum, chemicals and pharmaceutical products (4.4 percent vs -3.9 percent); fabricated metal products (7.8 percent vs 4.8 percent); and ships, boats and oil platforms (15.1 percent vs 15 percent). On a monthly basis, industrial production declined by 2.4 percent. Industrial Production in Norway averaged 0.40 percent from 1991 until 2018, reaching an all time high of 15.40 percent in June of 1994 and a record low of -13.10 percent in August of 2010.

Norway Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-06 06:00 AM Industrial Production YoY -1.6% -1.9% 0.6%
2018-08-07 06:00 AM Industrial Production YoY 2.9% -1.6% 1.1%
2018-09-07 06:00 AM Industrial Production YoY -0.8% 2.9% 1.9%
2018-10-08 06:00 AM Industrial Production YoY -0.8% 1.9%
2018-11-07 07:00 AM Industrial Production YoY 2.6%
2018-12-07 07:00 AM Industrial Production YoY 4%


Norway Business Last Previous Highest Lowest Unit
Business Confidence 9.20 6.80 20.10 -22.90 Index Points [+]
Manufacturing PMI 60.50 48.90 64.10 36.90 [+]
Industrial Production -0.80 2.90 15.40 -13.10 percent [+]
Industrial Production Mom -2.40 4.70 13.10 -9.30 percent [+]
Manufacturing Production 1.50 0.80 8.90 -10.40 percent [+]
Capacity Utilization 78.90 78.00 85.50 76.20 percent [+]
Changes in Inventories 35634.00 40283.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 386.00 271.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 15976.00 13140.00 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 0.80 0.60 0.90 -0.20 percent [+]
Mining Production -2.80 -0.30 69.00 -28.20 percent [+]
Steel Production 15.00 52.67 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 85.00 91.00 79.00 Points [+]
Corruption Rank 3.00 6.00 14.00 3.00 [+]
Ease of Doing Business 8.00 6.00 10.00 6.00 [+]
Electricity Production 9681.00 10258.00 16376.00 6653.00 Gigawatt-hour [+]


Norway Industrial Production

In Norway, industrial production measures the output of businesses integrated in industrial sector of the economy. Extraction and related services is the most important sector and accounts for 67 percent of total production. The biggest segments within Extraction and related services are: Extraction of natural gas (31 percent of total output) and extraction of crude petroleum (30 percent). Manufacturing accounts for 27 percent of total production, mainly: food, beverages and tobacco (5 percent); refined petroleum, chemicals and pharmaceutical products (4 percent); machinery and equipment (3 percent); fabricated metal products (2 percent); ships, boats and oil platforms (2 percent); computer and electrical equipment (2 percent); repair, installation of machinery (2 percent); and rubber, plastic and mineral products (2 percent). Electricity, gas and steam account for 6 percent of total output; and Mining and quarrying account for 1 percent. This page provides - Norway Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Production - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 2.90 15.40 -13.10 1991 - 2018 percent Monthly
2005=100, WDA




industrial production by Country
Country Last
Argentina -5.70 Jul/18
Australia 4.40 Mar/18
Brazil 4.00 Jul/18
Canada 3.60 May/18
China 6.10 Aug/18
Euro Area -0.10 Jul/18
France 1.80 Jul/18
Germany 1.10 Jul/18
India 6.60 Jul/18
Indonesia 1.00 Jun/18
Italy -1.30 Jul/18
Japan 2.20 Jul/18
Mexico 1.30 Jul/18
Netherlands -1.80 Jul/18
Russia 2.70 Aug/18
Saudi Arabia 3.44 Mar/18
Singapore 6.00 Jul/18
South Africa 2.90 Jul/18
South Korea 0.90 Jul/18
Spain 0.50 Jul/18
Switzerland 8.30 Jun/18
Turkey 5.60 Jul/18
United Kingdom 0.90 Jul/18
United States 4.90 Aug/18


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