Norway's industrial production increased 3.1 percent year-on-year in June 2020, unchanged from a revised figure in the previous month. It was still the least since January. Output grew softer for electricity, gas & steam (11.6 percent vs 23.1 percent in May), while production of extraction & related services expanded more (13.7 percent vs 11.7 percent). On the other hand, manufacturing output contracted 7.2 percent, after decreasing 8.2 percent in the previous month, due to a drop in refined petroleum, chemicals and pharmaceutical products (-1.5 percent vs -11.2 percent), machinery and equipment (-9.1 percent vs -9.1 percent), fabricated metal products (-12.5 percent vs -9.1 percent), ships, boats & oil platforms (-21.3 percent vs -23.4 percent), computer and electrical equipment (-1.5 percent vs -1.9 percent), repair, installation of machinery (-11.0 percent vs -11.1 percent), and rubber, plastic and mineral products (-7.3 percent vs -9.1 percent).

Industrial Production in Norway averaged 0.30 percent from 1991 until 2020, 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 2020. source: Statistics Norway

Industrial Production in Norway is expected to be 3.20 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 3.00 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 1.50 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
3.10 3.10 15.40 -13.10 1991 - 2020 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 06:00 AM Mar 7.6% 5.4% -2.2%
2020-06-05 06:00 AM Apr 5.4% 7.6%
2020-07-07 06:00 AM May 3.0% 5.4% 5.8%
2020-08-07 06:00 AM Jun 3.1% 3.1% 4.5%
2020-09-07 06:00 AM Jul 3.1%
2020-10-07 06:00 AM Aug
2020-11-06 07:00 AM Sep 3.2%
2020-12-07 07:00 AM Oct


News Stream
Norway Industrial Output Growth Stays at 4-Month Low
Norway's industrial production increased 3.1 percent year-on-year in June 2020, unchanged from a revised figure in the previous month. It was still the least since January. Output grew softer for electricity, gas & steam (11.6 percent vs 23.1 percent in May), while production of extraction & related services expanded more (13.7 percent vs 11.7 percent). On the other hand, manufacturing output contracted 7.2 percent, after decreasing 8.2 percent in the previous month, due to a drop in refined petroleum, chemicals and pharmaceutical products (-1.5 percent vs -11.2 percent), machinery and equipment (-9.1 percent vs -9.1 percent), fabricated metal products (-12.5 percent vs -9.1 percent), ships, boats & oil platforms (-21.3 percent vs -23.4 percent), computer and electrical equipment (-1.5 percent vs -1.9 percent), repair, installation of machinery (-11.0 percent vs -11.1 percent), and rubber, plastic and mineral products (-7.3 percent vs -9.1 percent).
2020-08-07
Norway Industrial Output Rises the Least in 4 Months
Norway's industrial production increased 3.0 percent year-on-year in May 2020, the least since January, easing from a 5.4 percent gain in the previous month. Output grew softer for extraction & related services (11.7 percent vs 11.9 percent in April) and electricity, gas & steam (23.1 percent vs 25.5 percent). In addition, manufacturing output contracted 8.2 percent, after declining 5.1 percent in the previous month, due to a drop in refined petroleum, chemicals and pharmaceutical products (-11.2 percent vs 1.2 percent), machinery and equipment (-9.1 percent vs -7.6 percent), fabricated metal products (-10.9 percent vs -10.4 percent), ships, boats & oil platforms (-23.4 percent vs -24.7 percent), computer and electrical equipment (-1.9 percent vs 1.6 percent), repair, installation of machinery (-11.1 percent vs -6.6 percent), and rubber, plastic and mineral products (-9.1 percent vs -1.9 percent).
2020-07-07
Norway Industrial Output Growth Eases to 5.4% in April
Norway's industrial production increased 5.4 percent year-on-year in April 2020, slowing from a 7.6 percent gain in the previous month. Output grew softer for extraction & related services (11.9 percent vs 13.0 percent in March). In addition, manufacturing output contracted 5.1 percent, after declining 1.3 percent in the previous month, due to a drop in fabricated metal products (-10.4 percent vs -5.6 percent), ships, boats & oil platforms (-24.7 percent vs -8.6 percent) and repair, installation of machinery (-6.6 percent vs -5.7 percent), textile, wearing apparel, leather (-17.4 percent vs -7.9 percent), transport equipment (-20.6 percent vs -5.1 percent). Meanwhile, production of electricity, gas & steam continued to rise (25.5 percent vs 24.7 percent).
2020-06-05
Norway Industrial Output Rises the Most in 2-1/2 Years
Norway's industrial production increased 7.6 percent year-on-year in March 2020, the largest output increase since September 2017, as output grew faster for both extraction & related services (13.0 percent vs 10.4 percent in February) and electricity, gas & steam (24.7 percent vs 8.0 percent). Meanwhile, manufacturing output contracted 1.3 percent, after increasing 0.6 percent in the previous month, due to a drop in fabricated metal products (-5.6 percent vs 1.5 percent), ships, boats & oil platforms (-8.6 percent vs 18.9 percent) and repair, installation of machinery (-5.7 percent vs 0.3 percent), textile, wearing apparel, leather (-7.9 percent vs 0.4 percent), transport equipment (-5.1 percent vs -0.9 percent) and rubber, plastic & mineral products (-6.6 percent vs -0.3 percent).
2020-05-08

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.