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.

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Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.30 4.30 15.40 -13.10 1991 - 2021 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 06:00 AM Apr 0.9% 0.6% 1.5%
2021-07-07 06:00 AM May 2.1% 0.9% 1.6%
2021-08-09 06:00 AM Jun 4.3% 2.1% 1.8%
2021-09-07 06:00 AM Jul 1.3% 4.3% 4%
2021-10-07 06:00 AM Aug 1.3% 1.1%
2021-11-08 07:00 AM Sep 2.2%
2021-12-07 07:00 AM Oct


News Stream
Norway Industrial Output Rises the Least in 3 Months
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).
2021-09-07
Norway Industrial Output Rises the Most in 5 Months
Norway's industrial production increased 4.3 percent year-on-year in June of 2021, the most since January, accelerating from a 2.1 rise in the previous month, mainly due to a rebound sharply in production of electricity, gas & steam (7.3% vs -0.4% in May). At the same time, activity in manufacturing expanded faster (8.1% vs 7.6%), boosted by a faster rise in food, beverage and tobacco (6.5% vs 3.1%), basic metals (16.2% vs 4.7%), transport equipment n.e.c (10.9% vs 14.5%), ships, boats and oil platforms (16.2% vs 4.7%), machinery and equipment (5.5% vs 3.1%) and fabricated metal products (3.7% vs 3.6%). In addition, production of extraction & related services recovered (0.5% vs -2.0%).
2021-08-09
Norway Industrial Output Grows the Most in 4 Months
Norway's industrial production increased 2.1 percent year-on-year in May of 2021, accelerating from a 0.9 gain in the previous month. It was the strongest growth in industrial production since January, mainly due to a faster rise in output of manufacturing (7.6% vs 4.7%), while those of electricity, gas & steam fell less (-0.4 vs -0.7% in April). Meantime, production of extraction & related services continued to drop (-2.0% vs -1.9%). Manufacturing output growth accelerated, due to a faster increase in output of refined petroleum, chemicals, pharmaceuticals (22.7% vs 6.0%), rubber, plastic and mineral products (9.6% vs 2.8%), transport equipment n.e.c (14.5% vs 6.4%), basic chemicals (12.0% vs 6.9%), while production of both machinery and equipment (3.1% vs -0.4%) and fabricated metal products (3.6% vs 0.9%) rebounded sharply
2021-07-07
Norway Industrial Output Growth Accelerates
Norway's industrial production increased 0.9 percent year-on-year in April of 2021, accelerating from a 0.6 rise in the previous month, mainly due to a softer fall in both production of electricity, gas & steam (-0.7 vs -2.6% in March) and extraction & related services (-1,9% vs -2.2%), while those of manufacturing continued to grow (4.7% vs 4.7%). Manufacturing output expanded further, due to a rise in output of refined petroleum, chemicals, pharmaceuticals (6.0% vs 2.2%), basic metals (6.9% vs 6.1%), ships, boats and oil platforms (21.1% vs 9.4%) and food, beverage and tobacco (6.9 vs 5.3%). In addition, production of machinery and equipment fell less (-0.40% vs -0.74%).
2021-06-07

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.