Industrial production in Norway increased by 0.7 percent from a year earlier in September 2018, easing from a 2.3 percent rise in the previous month. Manufacturing output growth slowed to 1.5 percent from 5.1 percent in August, mainly due to declines in production of food, beverages & tobacco (-3.6 percent vs 2.9 percent), computer & electrical equipment (-5.6 percent vs 9.7 percent), repair, installation of machinery (-4.5 percent vs -1.8 percent), and rubber, plastic & mineral products (-0.9 percent vs 1.1 percent). In addition, machinery & equipment output went up at softer pace (0.5 percent vs 6.8 percent). Meanwhile, extraction & related services shrank 3.5 percent (vs 2.1 percent in August) and mining & quarrying declined 6.6 percent (vs 0.3 percent) while electricity, gas & steam grew 6.1 percent (vs 5.7 percent). On a monthly basis, industrial production went up by 1.5 percent in September, compared to a 1.6 percent gain in the prior month. 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.

Industrial Production in Norway is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Norway to stand at 0.34 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 2.50 percent in 2020, according to our econometric models.

Norway Industrial Production
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-07 06:00 AM Industrial Production YoY -0.8% 2.9% 1.9%
2018-10-08 06:00 AM Industrial Production YoY 2.3% -0.8% 1.9%
2018-11-07 07:00 AM Industrial Production YoY 0.7% 2.3% 2.6%
2018-12-07 07:00 AM Industrial Production YoY 0.7% 4%


Norway Business Last Previous Highest Lowest Unit
Business Confidence 8.90 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 56.00 55.80 64.10 36.90 [+]
Industrial Production 0.70 2.30 15.40 -13.10 percent [+]
Industrial Production Mom -1.50 1.60 12.30 -9.30 percent [+]
Manufacturing Production 1.50 5.10 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 419.00 386.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 14055.00 14044.00 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 50.50 55.02 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 11198.00 10544.00 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 2.30 15.40 -13.10 1991 - 2018 percent Monthly
2005=100, WDA




Country Last
Argentina -11.50 Sep/18
Australia 3.50 Jun/18
Brazil -2.00 Sep/18
Canada 2.76 Aug/18
China 5.90 Oct/18
Euro Area 0.90 Sep/18
France -1.10 Sep/18
Germany 0.80 Sep/18
India 4.50 Sep/18
Indonesia 1.50 Sep/18
Italy 1.30 Sep/18
Japan -2.50 Sep/18
Mexico 1.80 Sep/18
Netherlands -2.10 Sep/18
Russia 3.70 Oct/18
Saudi Arabia 3.44 Mar/18
Singapore -0.20 Sep/18
South Africa 0.10 Sep/18
South Korea -8.40 Sep/18
Spain -0.10 Sep/18
Switzerland 8.30 Jun/18
Turkey -2.70 Sep/18
United Kingdom 0.00 Sep/18
United States 4.10 Oct/18


Related

Latest