Norway Average Monthly Wages in Manufacturing Index  Forecast


Wages in Manufacturing in Norway is expected to be 153.81 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wages in Manufacturing in Norway to stand at 153.96 in 12 months time. In the long-term, the Norway Average Monthly Wages in Manufacturing Index is projected to trend around 153.01 Index Points in 2020, according to our econometric models.


Norway Average Monthly Wages in Manufacturing Index
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Norway Labour Last Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 4.3 4.4 4.4 4.3 4.3 4
Employed Persons 2646 2647 2647 2648 2648 2649
Unemployed Persons 91830 90857 100000 85844 83971 90000
Labor Force Participation Rate 70.2 70.46 71.2 69.26 69.84 72.1
Long Term Unemployment Rate 1.2 1.25 1.27 1.29 1.31 1.44
Youth Unemployment Rate 10.9 10.96 10.95 10.95 10.95 10.95
Productivity 122 124 125 126 126 129
Labour Costs 130 124 116 120 120 119
Job Vacancies 49000 52230 50184 55697 55880 52159
Wage Growth 5.3 7.86 6.64 5.56 6.17 7.19
Wages in Manufacturing 155 154 154 154 154 153
Population 5.26 5.26 5.26 5.32 5.32 5.43
Retirement Age Women 67 67 67 67 67 67
Retirement Age Men 67 67 67 67 67 67
Employment Change 0.4 0.21 0.2 0.22 0.24 0.29
Employment Rate 67.1 67.37 66.51 66.3 66.9 66.22
Full Time Employment 1868 1910 1889 1873 1879 1893
Wages 43300 43877 44108 44354 44600 46446
Part Time Employment 656 642 647 652 657 648