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. source: Statistics Norway

Industrial Production in Norway averaged 0.47 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 July of 2022.

Industrial Production in Norway is expected to be 2.80 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
2022-05-09 06:00 AM Mar 3.0% 1.6% -0.4%
2022-06-08 06:00 AM Apr 3.0% 3.0% 3.2%
2022-07-07 06:00 AM May 3.0% 2.6%


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 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
3.00 3.00 15.40 -13.10 1991 - 2022 percent Monthly
2005=100, WDA

News Stream
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
Norway Industrial Output Rises the Most in 5 Months
Norway's industrial production grew 3.0 percent year-on-year in March of 2022, accelerating from a 1.6 rise in the previous month. It was the strongest growth in industrial production since last October, as production of electricity, gas, and steam rebounded sharply (5.7% vs -11%). Meanwhile, production of extraction and related services expanded less (0.4% vs 0.7%), amid a faster decline in output of manufacturing, mining, and quarrying (-2.2% vs -1.4%). On a monthly basis, the industrial production rose 2.2 percent, recovering from a downwardly revised 0.7 percent fall in February.
2022-05-09
Norway Industrial Output Grows 1.6% YoY in February
Norway's industrial production expanded 1.6 percent year-on-year in February of 2022, accelerating from a 0.2 rise in the previous month, as output of mining and quarrying grew faster (25.3% vs 10.3%), amid a rebound in production of extraction and related services (0.7% vs -1.7%). In addition, output of electricity, gas and steam shrank softer (-11.0 percent vs -14.1 percent in January). Meanwhile, production of manufacturing fell more (-1.9 percent vs -0.2 percent), mainly dragged down by production for food, beverages and tobacco (-5.4%) and ships, boats, and oil platforms (-10.3%).
2022-04-07