Norway's industrial production grew 2.3 percent year-on-year in June of 2022, slowing from a downwardly revised 4.9% rise in the previous month. The figure was the weakest growth in industrial production since February, as production of electricity, gas and steam rebounded (0.8% vs -10.7%), amid a decline in both of extraction and related services (-3.2% vs 5.9% in May) and manufacturing, mining and quarrying (-2.2% vs -2.3%). On a monthly basis, the industrial production fell 1.7 percent, reversing from an upwardly revised 1.1 percent gain in May. source: Statistics Norway

Industrial Production in Norway averaged 0.49 percent from 1991 until 2022, 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 August of 2022.

Industrial Production in Norway is expected to be 2.50 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 2.40 percent in 2023, according to our econometric models.

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Norway Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-07-07 06:00 AM May 5.1% 3.0% 2.6%
2022-08-08 06:00 AM Jun 2.3% 4.9% 4.8%
2022-09-07 06:00 AM Jul 2.3%


Related Last Previous Unit Reference
Business Confidence 3.20 8.20 points Jun 2022
Industrial Production Mom -1.70 1.10 percent Jun 2022
Industrial Production 2.30 4.90 percent Jun 2022
Manufacturing Production -2.30 -2.00 percent Jun 2022
Capacity Utilization 80.90 81.50 percent Jun 2022
New Orders 146.10 97.80 points Dec 2017
Changes in Inventories 33536.00 14181.00 NOK Million Mar 2022
Bankruptcies 354.00 338.00 Companies and Individuals Jun 2022
Car Registrations 11232.00 13324.00 Jul 2022
Mining Production 1.70 25.30 percent Mar 2022
Leading Economic Index 1.00 0.60 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.30 4.90 15.40 -13.10 1991 - 2022 percent Monthly
2005=100, WDA

News Stream
Norway Industrial Output Growth Weakest in 4 Months
Norway's industrial production grew 2.3 percent year-on-year in June of 2022, slowing from a downwardly revised 4.9% rise in the previous month. The figure was the weakest growth in industrial production since February, as production of electricity, gas and steam rebounded (0.8% vs -10.7%), amid a decline in both of extraction and related services (-3.2% vs 5.9% in May) and manufacturing, mining and quarrying (-2.2% vs -2.3%). On a monthly basis, the industrial production fell 1.7 percent, reversing from an upwardly revised 1.1 percent gain in May.
2022-08-08
Norway Industrial Output Grows the Most in 7 Months
Norway's industrial production expanded 5.1 percent year-on-year in May of 2022, following a 3.0% gain in the previous month. The figure was the highest rate in industrial production since last October, as production of extraction and related services rebounded sharply (5.9% vs -0.4% in April). Meanwhile, production of manufacturing, mining and quarrying dropped (-2.2% vs 2.6%), while that of electricity, gas and steam fell faster (-10.7% vs -10.1%). On a monthly basis, the industrial production grew 0.7 percent, recovering from a downwardly revised 0.3 percent decline in April.
2022-07-07
Norway Industrial Output Growth Stays at 5-Month High
Norway's industrial production grew 3.0 percent year-on-year in April of 2022, the same pace as in the previous month. The figure remained the strongest growth in industrial production since last October, as production of manufacturing, mining and quarrying recovered (2.6% vs -2.2%). Meanwhile, production contracted for both extraction and related services (-0.4% vs 0.4%) and electricity, gas and steam (-10.1% vs 5.7%). On a monthly basis, the industrial production shrank 0.5 percent, reversing from an upwardly revised 2.5 percent gain in March.
2022-06-08