Industrial Production in Norway decreased 1 percent in May of 2020 over the previous month.

Industrial Production Mom in Norway averaged 0.07 percent from 1990 until 2020, reaching an all time high of 12.30 percent in September of 1991 and a record low of -9.30 percent in March of 2002. This page provides - Norway Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Statistics Norway

Industrial Production Mom in Norway is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production Mom in Norway to stand at 0.30 in 12 months time. In the long-term, the Norway Industrial Production MoM is projected to trend around 0.40 percent in 2021 and 0.20 percent in 2022, according to our econometric models.

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Norway Industrial Production MoM

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.70 12.30 -9.30 1990 - 2020 percent Monthly
2005=100, SA

Calendar GMT Actual Previous Consensus TEForecast
2020-04-07 06:00 AM Feb 2.6% -2.2% 1.1%
2020-05-08 06:00 AM Mar 1.4% 2.5% -6.4%
2020-06-05 06:00 AM Apr -0.8% 1.4%
2020-07-07 06:00 AM May -1.0% -0.7% 1%
2020-08-07 06:00 AM Jun -1.0% 0.9%
2020-09-07 06:00 AM Jul
2020-10-07 06:00 AM Aug
2020-11-06 07:00 AM Sep -1.2%

Norway Industrial Production MoM
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); rubber, plastic and mineral products (2 percent); and basic metals (2 percent). Electricity, gas and steam account for 6 percent of total output; and Mining and quarrying account for 1 percent.