Norway's industrial production increased 1.3 percent year-on-year in July of 2021, the least since April, easing from a 4.3 gain in the previous month, mainly due to a fall in production of electricity, gas & steam (-2.7% vs 7.3% in June). At the same time, activity in manufacturing expanded softer (5.5% vs 8.1%), dragged down by food, beverage and tobacco (-0.1% vs 6.5%), basic metals (14.2% vs 16.2%), ships, boats and oil platforms (15.3% vs 19.2%), repair, installation of machinery (2.4% vs 4.8%) and furniture and manufacturing n.e.c (14.9% vs 29.8%). In addition, production of extraction & related services dropped by 0.4% (vs 0.5% in June). source: Statistics Norway
Industrial Production in Norway averaged 0.40 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 September of 2021.
Industrial Production in Norway is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Industrial Production is projected to trend around 2.00 percent in 2022 and 2.40 percent in 2023, according to our econometric models.