Norway Industrial Production  1991-2017 | Data | Chart | Calendar

Industrial production in Norway went up 1.0 percent from a year earlier in March of 2017, following a 1.2 percent growth in February. Extraction and related services output rebounded 1.8 percent after falling by 0.4 percent in the previous month. In contrast, manufacturing production fell at a faster 3.3 percent (-1.4 percent in February), dragged by machinery and equipment (-17.1 percent from -13.7 percent), repair, installation of machinery (-15.4 percent from -11.7 percent), computer and electrical equipment (-8.7 percent from -1.1 percent), and fabricated metal products (-7 percent from -3.6 percent). Also, output contracted for both mining and quarrying (-9.3 percent from 20.2 percent in February) and electricity, gas and steam supply (-10.6 percent from -4.9 percent). On a monthly basis, industrial production edged down 0.1 percent, following a 0.6 percent decline in February. Industrial Production in Norway averaged 0.33 percent from 1991 until 2017, 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 Reference Actual Previous Consensus Forecast (i)
2017-03-07 07:00 AM Jan 1.3% -1.4% -0.2%
2017-04-07 06:00 AM Feb 1.2% 1.3% 1.1%
2017-05-08 06:00 AM Mar 1.0% 1.2% 1.5%
2017-06-08 06:00 AM Apr 1.0% 0.24%
2017-07-07 06:00 AM May 0.21%
2017-08-07 06:00 AM Jun 0.14%




Norway Business Last Previous Highest Lowest Unit
Business Confidence 1.10 -0.20 20.10 -22.90 [+]
Manufacturing PMI 54.70 54.80 64.80 34.70 [+]
Industrial Production 1.00 1.20 15.40 -13.10 percent [+]
Industrial Production Mom -0.10 -0.60 12.30 -9.30 percent [+]
Manufacturing Production -3.30 -1.40 8.90 -10.40 percent [+]
Capacity Utilization 77.00 76.80 85.50 76.20 percent [+]
New Orders 115.00 106.70 171.00 39.70 Index Points [+]
Changes in Inventories 39017.00 37391.00 58918.00 3266.00 NOK Million [+]
Bankruptcies 285.00 463.00 595.00 43.00 Companies and persons [+]
Car Registrations 14136.00 12964.00 19014.50 4089.00 Cars [+]
Competitiveness Index 5.44 5.41 5.44 5.14 Points [+]
Competitiveness Rank 11.00 11.00 17.00 11.00 [+]
Ease of Doing Business 6.00 8.00 10.00 6.00 [+]
Electricity Production 13156.00 15311.00 16376.00 6653.00 Gigawatt-hour [+]
Corruption Index 85.00 87.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Steel Production 46.13 58.70 97.00 0.00 Thousand Tonnes [+]
Mining Production -9.30 20.20 69.00 -28.20 percent [+]


Norway Industrial Production Notes

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 71 percent of total production. The biggest segments within Extraction and related services are: Extraction of crude petroleum (38 percent of total output) and extraction of natural gas (29 percent). Manufacturing accounts for 23 percent of total production, mainly: Food, beverages and tobacco (5 percent); machinery and equipment (3 percent); refined petroleum, chemicals and pharmaceutical products (2 percent); repair, installation of machinery (2 percent); computer and electrical equipment (2 percent); fabricated metal products (2 percent); and ships, boats and oil platforms (2 percent). Electricity, gas and steam account for 5 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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.20 15.40 -13.10 1991 - 2017 percent Monthly
2005=100, WDA



industrial production by Country

Last
Australia 1.10 Dec/16
Brazil 1.10 Mar/17
Canada 3.23 Feb/17
China 6.50 Apr/17
Euro Area 1.90 Mar/17
France 2.00 Mar/17
Germany 1.90 Mar/17
India 2.70 Mar/17
Indonesia 5.50 Mar/17
Italy 2.80 Mar/17
Japan 3.50 Mar/17
Mexico 3.35 Mar/17
Netherlands -2.20 Mar/17
Russia 2.30 Apr/17
South Korea 3.00 Mar/17
Spain 0.40 Mar/17
Switzerland -1.30 Mar/17
Turkey 2.80 Mar/17
United Kingdom 1.40 Mar/17
United States 2.20 Apr/17