Norway's industrial production shrank 5.7 percent year-on-year in July 2019, following an 8.6 percent contraction in the previous month. This was the seventh straight monthly decrease in industrial activity, as output continued to drop for extraction & related services (-11.1 pct vs -15.2 pct in June). On the other hand, both mining & quarrying (20.0 pct vs -10.7 pct) and electricity, gas & steam output (3.8 pct vs -2.7 pct) rebounded. Also, manufacturing output growth accelerated to 3.8 percent from 3.1 percent, as production increased faster for printing & reproduction (5.3 pct vs 0.3 pct); rubber & plastic (0.6 pct vs 0.5 pct); metal products (12.2 pct vs 11 pct); transport equipment (13.9 pct vs 3.7 pct) and ships, boats and oil platforms (44.1 pct vs 39.0 pct). Also, output of refined petroleum, chemicals & pharmaceutical products shrank softer (-1.9 pct vs -8.2 pct). Industrial Production in Norway averaged 0.31 percent from 1991 until 2019, 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 0.50 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 2.30 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 2.00 percent in 2020, according to our econometric models.

Norway Industrial Production
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-07 06:00 AM Industrial Production YoY Apr -4.2% -6.4% -2.3%
2019-07-05 06:00 AM Industrial Production YoY May -2.5% -4.2% -3%
2019-08-08 06:00 AM Industrial Production YoY Jun -8.6% -2.5% -1.6%
2019-09-06 06:00 AM Industrial Production YoY Jul -5.7% -8.6% -6.2%
2019-10-07 06:00 AM Industrial Production YoY Aug -5.7%
2019-11-07 07:00 AM Industrial Production YoY Sep 0.5%
2019-12-06 07:00 AM Industrial Production YoY Oct


Norway Business Last Previous Highest Lowest Unit
Business Confidence 5.60 6.80 20.10 -22.90 Index Points [+]
Manufacturing PMI 53.80 48.70 64.13 36.84 [+]
Industrial Production -5.70 -8.60 15.40 -13.10 percent [+]
Industrial Production Mom 0.50 -1.30 12.60 -9.30 percent [+]
Manufacturing Production 3.80 3.00 8.90 -10.40 percent [+]
Capacity Utilization 79.30 79.30 85.50 76.20 percent [+]
Changes in Inventories 26908.00 32011.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 305.00 432.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 13264.00 12808.00 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 0.70 0.60 1.00 -0.50 percent [+]
Mining Production -11.10 -7.20 69.00 -28.20 percent [+]
Steel Production 20.30 57.83 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 19.00 19.00 25.00 6.00 [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 17.00 11.00 [+]
Corruption Index 84.00 85.00 91.00 79.00 Points [+]
Corruption Rank 7.00 3.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 9790.00 9470.00 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 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-5.70 -8.60 15.40 -13.10 1991 - 2019 percent Monthly
2005=100, WDA




Country Last Previous
Argentina -1.90 Jul/19
Australia 1.90 Jun/19
Brazil -2.50 Jul/19
Canada 1.44 Jun/19
China 4.40 Aug/19
Euro Area -2.00 Jul/19
France -0.20 Jul/19
Germany -4.20 Jul/19
India 4.30 Jul/19
Indonesia 8.10 Jul/19
Italy -0.70 Jul/19
Japan 0.70 Jul/19
Mexico -1.70 Jul/19
Netherlands -1.90 Jun/19
Russia 2.90 Aug/19
Saudi Arabia 1.40 Dec/18
Singapore -0.40 Jul/19
South Africa -1.10 Jul/19
South Korea 0.60 Jul/19
Spain 0.80 Jul/19
Switzerland 4.80 Jun/19
Turkey -1.20 Jul/19
United Kingdom -0.90 Jul/19
United States 0.40 Aug/19


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