Norway's industrial confidence indicator inched up to 8.8 in Q1 of 2022 from 8.6 in Q4 2021, amid increasing in production and prices. The production in both intermediate and capital goods grew accelerated while the growth among producers of consumer goods moderated. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials, skilled labour and input factors. New orders grew accelerated for both domestic and foreign markets. Meantime, price significant growth is reported for all types of goods. The general outlook for the 2nd quarter of 2022 is clearly positive, and the proportion with an optimistic view is slightly higher than in the previous survey. The total production volume is expected to grow further, along with new orders, employment, and total stock orders. The strongest growth is estimated for producers of capital goods, while the expected growth is somehow weaker for producers of and intermediate and consumer goods. source: Statistics Norway

Business Confidence in Norway averaged 2.89 points from 1988 until 2022, reaching an all time high of 20.10 points in the fourth quarter of 2006 and a record low of -22.90 points in the fourth quarter of 2008. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Business Confidence in Norway is expected to be 7.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Industry Confidence is projected to trend around 2.00 points in 2023, according to our econometric models.

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Norway Industry Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-01-20 07:00 AM Q4 8.6 8.8 9.3
2022-04-21 06:00 AM Q1 8.8 8.6 9.3
2022-07-21 06:00 AM Q2 8.8


Related Last Previous Unit Reference
Business Confidence 8.80 8.60 points Mar 2022
Industrial Production Mom -0.50 2.50 percent Apr 2022
Industrial Production 3.00 3.00 percent Apr 2022
Manufacturing Production 2.40 -2.20 percent Apr 2022
Capacity Utilization 81.50 80.40 percent Mar 2022
New Orders 146.10 97.80 points Dec 2017
Changes in Inventories 33536.00 14181.00 NOK Million Mar 2022
Bankruptcies 242.00 367.00 Companies and Individuals Apr 2022
Car Registrations 12578.00 12197.00 May 2022
Mining Production 1.70 25.30 percent Mar 2022
Leading Economic Index 1.00 0.60 percent Mar 2022

Norway Industry Confidence
In Norway, Industrial confidence indicator (ICI) Business tendency survey is the arithmetic average of the responses (balances) to the questions on production expectations, total stock of orders and inventories of own products. The indicator is a guide to the level of industrial production since: an expected rise in the level of output gives signals of increased production in the forthcoming quarter; an increase in the total stock of orders indicates a higher level of production due to the future fulfillment of these orders; an increase in the inventories of own products indicates slow sales and reduced activity.
Actual Previous Highest Lowest Dates Unit Frequency
8.80 8.60 20.10 -22.90 1988 - 2022 points Quarterly
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News Stream
Norway Business Confidence Improves Slightly
Norway's industrial confidence indicator inched up to 8.8 in Q1 of 2022 from 8.6 in Q4 2021, amid increasing in production and prices. The production in both intermediate and capital goods grew accelerated while the growth among producers of consumer goods moderated. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials, skilled labour and input factors. New orders grew accelerated for both domestic and foreign markets. Meantime, price significant growth is reported for all types of goods. The general outlook for the 2nd quarter of 2022 is clearly positive, and the proportion with an optimistic view is slightly higher than in the previous survey. The total production volume is expected to grow further, along with new orders, employment, and total stock orders. The strongest growth is estimated for producers of capital goods, while the expected growth is somehow weaker for producers of and intermediate and consumer goods.
2022-04-21
Norway Q4 Business Morale Weakest in 3 Quarters
Norway's industrial confidence indicator inched down to 8.6 in Q4 of 2021 from 8.8 in Q3, pointing to the weakest figure since the first quarter. Growth among producers of capital goods moderated while the output of intermediate and consumer goods grew further. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials, skilled labour and input factors. New orders grew moderated for domestic markets, while growth accelerated for foreign markets. Meantime, price significant growth is reported for all types of goods. The general outlook for the 1st quarter of 2022 is clearly positive, but the proportion with an optimistic view is somehow lower. The total production volume is expected to grow further, along with new orders, employment, and total stock orders. The strongest growth is estimated for producers of intermediate goods and capital goods, while the expected growth is somehow weaker for producers of consumer goods.
2022-01-20
Norway Business Morale Weakens in Q3
Norway's industrial confidence indicator fell to 8.8 in Q3 of 2021 from a downwardly revised 11.0 in Q2, which was the highest reading since Q4 2010. Growth among producers of capital goods moderated while the output of intermediate and consumer goods rose further. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials and logistics issues. New orders grew both in domestic and foreign markets. Meantime, price growth is reported for all types of goods. The general outlook for the 4th quarter of 2021 is clearly positive, but the proportion with an optimistic view is somehow lower. The total production volume is expected to rise further, along with new orders, employment, and total stock orders. The strongest growth is expected for producers of intermediate goods and capital goods, while the expected growth is somehow weaker for producers of consumer goods. The historical average of the index is 3.1.
2021-10-22