Norway's industrial production increased 1.5 percent year-on-year in February of 2021, the least since last November, easing from a 5.9 rise in the previous month, mainly due to a softer rise in production of electricity, gas & steam (14.5% vs 32.4% in January) while extraction & related services fell (-1.5% vs 2.2%). Also, manufacturing output growth eased (0.8% vs 1.0%), due to a softer increase in output of tobacco (9.4% vs 10.8%), refined petroleum, chemicals, pharmaceuticals (1.7% vs 4.8%) while production of textiles, wearing, leather dropped (-3.1% vs 1.4%). In addition, output fell more for machinery and equipment (-5.4% vs -2.2%), transport equipment n.e.c (-13.4% vs -12.1%), and fabricated metal products (-8.2% vs -6.5%). source: Statistics Norway

Industrial Production in Norway averaged 0.38 percent from 1991 until 2021, 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. This page provides - Norway Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Industrial Production in Norway is expected to be 3.00 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 1.50 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.50 5.90 15.40 -13.10 1991 - 2021 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 07:00 AM Nov -0.7% 0.0% 0.8%
2021-02-05 07:00 AM Dec 2.7% -0.7% -0.2%
2021-03-08 07:00 AM Jan 5.9% 2.7% 1.9%
2021-04-08 06:00 AM Feb 1.5% 5.9% 6.2%
2021-05-06 06:00 AM Mar 1.5%
2021-06-07 06:00 AM Apr
2021-07-07 06:00 AM May
2021-08-09 06:00 AM Jun


News Stream
Norway Industrial Output Rises the Least in 3 Months
Norway's industrial production increased 1.5 percent year-on-year in February of 2021, the least since last November, easing from a 5.9 rise in the previous month, mainly due to a softer rise in production of electricity, gas & steam (14.5% vs 32.4% in January) while extraction & related services fell (-1.5% vs 2.2%). Also, manufacturing output growth eased (0.8% vs 1.0%), due to a softer increase in output of tobacco (9.4% vs 10.8%), refined petroleum, chemicals, pharmaceuticals (1.7% vs 4.8%) while production of textiles, wearing, leather dropped (-3.1% vs 1.4%). In addition, output fell more for machinery and equipment (-5.4% vs -2.2%), transport equipment n.e.c (-13.4% vs -12.1%), and fabricated metal products (-8.2% vs -6.5%).
2021-04-08
Norway Industrial Output Expands the Most in 4 Months
Norway's industrial production increased 5.9 percent year-on-year in January of 2020, the most since last September, accelerating from a 2.7 rise in December 2020, mainly due to a faster rise in output of electricity, gas & steam (32.4% vs 29.1% in December) and extraction & related services (2.2% vs 1.7%). In addition, manufacturing output rebounded (1.0% vs -1.2% in December), due to a recover in output of textiles, wearing, leather (1.4% vs -0.1%), while production of both food, beverage and tobacco (10.8% vs 7.5%) and refined petroleum, chemicals, pharmaceuticals (4.8% vs 0.1%) grew more. In addition, output fell less for machinery and equipment (-2.2% vs -7.1%), ships, boats & oil platforms (-13.8% vs -9.2%), repair, installation of machinery (-5.0% vs -11.1%), transport equipment n.e.c (-12.1% vs -16.7%), and fabricated metal products (-6.5% vs -13.0%)
2021-03-08
Norway Industrial Output Rebounds in December
Norway's industrial production increased 2.7 percent year-on-year in December of 2020, rebounding from a 0.7 drop in the previous month. Output of both electricity, gas & steam (29.1 percent vs 3.1 percent in November) and extraction & related services (1.7 percent vs 1.0 percent) grew faster. Meanwhile, manufacturing output continued to shrink (-1.2 percent vs -0.9 percent), due to a decline in machinery and equipment (-7.1 percent vs -7.1 percent), ships, boats & oil platforms (-9.2 percent vs -12.0 percent), repair, installation of machinery (-11.1 percent vs -6.0 percent), textiles, wearing, leather (-0.1 percent vs -5.1 percent), transport equipment n.e.c (-16.7 percent vs -11.0 percent), and fabricated metal (-13.0 percent vs -8.0 percent).
2021-02-05
Norway Industrial Output Falls for First Time in a Year
Norway's industrial production fell 0.7 percent year-on-year in November of 2020, after a flat reading in the previous month. It was the first monthly decline in manufacturing production since November last year, as manufacturing output contracted further (-0.9 percent vs -2.7 percent in October), due to a decline in machinery and equipment (-7.1 percent vs -8.2 percent), ships, boats & oil platforms (-12.0 percent vs -7.3 percent), repair, installation of machinery (-6.0 percent vs -5.9 percent), textiles, wearing, leather (-5.1 percent vs -2.7 percent), transport equipment n.e.c (-11.0 percent vs -14.1 percent), and fabricated metal (-8.0 percent vs -6.0 percent). In addition, output of both extraction & related services (1.0 percent vs 1.6 percent) and electricity, gas & steam (3.1 percent vs 19.5 percent) grew less.
2021-01-08

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.