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

Industrial production in Norway increased 0.5 percent from a year earlier in July 2017, easing from a 5.4 percent gain in the previous month, mainly due to a contraction in both extraction and related services (-0.9 percent from 3.9 percent in June) and mining and quarrying (-12.5 percent from 5.5 percent). Meanwhile, manufacturing production grew at a faster pace (1.4 percent from 1.1 percent in June), mainly boosted by refined petroleum, chemicals and pharmaceuticals (14.9 percent from 6.4 percent), food, beverage and tobacco (2.5 percent from -1.8 percent), repair, installation of machinery (0.8 percent from 0.4 percent), and rubber, plastic and mineral products (6.2 percent from 1.7 percent). Also, production of electricity, gas and steam rose 2.6 percent after an increase of 0.4 percent in June. On a monthly basis, industrial production rose 0.7 percent. Industrial Production in Norway averaged 0.35 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 Actual Previous Consensus TEForecast
2017-07-07 06:00 AM Industrial Production YoY 0.5% 0.9% 1.7%
2017-08-07 06:00 AM Industrial Production YoY 5.4% 0.5% 0.9%
2017-09-07 06:00 AM Industrial Production YoY 0.5% 5.4% 5.1%
2017-10-06 06:00 AM Industrial Production YoY 0.5% 1.34%
2017-11-07 07:00 AM Industrial Production YoY 1.10%
2017-12-07 07:00 AM Industrial Production YoY 1.26%


Norway Business Last Previous Highest Lowest Unit
Business Confidence 3.80 1.50 20.10 -22.90 [+]
Manufacturing PMI 55.70 57.50 64.40 34.90 [+]
Industrial Production 0.50 5.40 15.40 -13.10 percent [+]
Industrial Production Mom 0.70 0.50 12.30 -9.30 percent [+]
Manufacturing Production 1.40 1.00 8.90 -10.40 percent [+]
Capacity Utilization 77.70 77.00 85.50 76.20 percent [+]
New Orders 107.30 115.00 171.00 39.70 Index Points [+]
Changes in Inventories 47292.00 52639.00 56094.00 3271.00 NOK Million [+]
Bankruptcies 331.00 256.00 595.00 43.00 Companies and persons [+]
Car Registrations 15206.00 15066.00 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 [+]
Corruption Index 85.00 87.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Ease of Doing Business 6.00 8.00 10.00 6.00 [+]
Electricity Production 10624.00 11068.00 16376.00 6653.00 Gigawatt-hour [+]
Steel Production 50.00 15.00 97.00 0.00 Thousand Tonnes [+]
Mining Production 5.50 4.00 69.00 -28.20 percent [+]


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 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 5.40 15.40 -13.10 1991 - 2017 percent Monthly
2005=100, WDA




industrial production by Country

Last
Australia 0.70 Jun/17
Brazil 2.50 Jul/17
Canada 6.55 Jun/17
China 6.00 Aug/17
Euro Area 3.20 Jul/17
France 3.70 Jul/17
Germany 4.00 Jul/17
India 1.20 Jul/17
Indonesia -1.40 Jun/17
Italy 4.40 Jul/17
Japan 4.70 Jul/17
Mexico -1.60 Jul/17
Netherlands 4.00 Jul/17
Russia 1.50 Aug/17
South Korea 0.10 Jul/17
Spain 1.90 Jul/17
Switzerland 2.90 Jun/17
Turkey 14.50 Jul/17
United Kingdom 0.40 Jul/17
United States 1.50 Aug/17