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

Industrial production in Norway declined by 1.6 percent from a year earlier in May of 2018, following a 1.9 percent drop in the prior month. Output continued to fall for both extraction and related services (-7 percent vs -6.6 percent in April), namely extraction of crude petroleum (-20.6 percent vs -11.8 percent), and electricity, gas and steam (-8.9 percent vs -8.4 percent). In addition, mining and quarrying output contracted 1.3 percent, after a 12.6 percent jump a month earlier. Meanwhile, manufacturing output growth eased to 0.5 percent in May from 1.3 percent in April, driven by a slowdown in machinery and equipment (1.1 percent vs 1.3 percent); fabricated metal products (2.2 percent vs 7.3 percent); ships, boats and oil platforms (7.4 percent vs 7.9 percent). On a monthly basis, industrial production decreased 0.9 percent, the fourth straight month of decline. Industrial Production in Norway averaged 0.39 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
2018-05-08 06:00 AM Industrial Production YoY 0.2% 1.8% 3.2%
2018-06-07 06:00 AM Industrial Production YoY -1.9% 0.2% 1.8%
2018-07-06 06:00 AM Industrial Production YoY -1.6% -1.9% 0.6%
2018-08-07 06:00 AM Industrial Production YoY -1.6% 1.1%
2018-09-07 06:00 AM Industrial Production YoY 1.5%
2018-10-08 06:00 AM Industrial Production YoY 1.9%


Norway Business Last Previous Highest Lowest Unit
Business Confidence 6.30 6.40 20.10 -22.90 Index Points [+]
Manufacturing PMI 55.80 56.10 64.10 36.90 [+]
Industrial Production -1.60 -1.90 15.40 -13.10 percent [+]
Industrial Production Mom -0.90 -1.40 13.00 -9.30 percent [+]
Manufacturing Production 0.50 1.30 8.90 -10.40 percent [+]
Capacity Utilization 78.00 77.90 85.50 76.20 percent [+]
New Orders 146.10 97.80 171.00 39.70 Index Points [+]
Changes in Inventories 54179.00 44693.00 56094.00 3249.00 NOK Million [+]
Bankruptcies 421.00 466.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 16610.00 15040.00 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 [+]
Mining Production -1.30 12.60 69.00 -28.20 percent [+]
Steel Production 46.61 49.01 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 10547.00 14076.00 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -1.90 15.40 -13.10 1991 - 2018 percent Monthly
2005=100, WDA




industrial production by Country
Country Last
Australia 1.70 Dec/17
Brazil -6.60 May/18
Canada 5.01 Apr/18
China 6.00 Jun/18
Euro Area 2.40 May/18
France -0.90 May/18
Germany 3.10 May/18
India 3.20 May/18
Indonesia 4.70 Apr/18
Italy 2.10 May/18
Japan 4.20 May/18
Mexico 0.30 May/18
Netherlands 1.80 May/18
Russia 2.20 Jun/18
South Korea 0.90 May/18
Spain 1.60 May/18
Switzerland 9.00 Mar/18
Turkey 6.20 Apr/18
United Kingdom 0.80 May/18
United States 3.50 May/18


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