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.