Norway's industrial confidence indicator edged up to 9 in the fourth quarter of 2018 from 8.9 in the previous period and little-changed from the second quarter's near seven-year high. Manufacturers reported an increase in total production of intermediate, capital, and consumer goods; and the overall employment rose, with producers of capital reporting strong growth, due to higher workloads and large projects among petroleum-related producers. Still, new orders from both the domestic and export market increased at a slower pace. The index for the general outlook for the first quarter of 2019 is now over 60 and is at its highest level since the fourth quarter of 2010. Industry leaders report that investment plans are slightly adjusted upwards and the growth rate for employment is expected to increase further. New orders from both the home and export market are also expected to increase further. The same is expected for the total stocks of orders. Business Confidence in Norway averaged 2.88 Index Points from 1988 until 2018, reaching an all time high of 20.10 Index Points in the fourth quarter of 2006 and a record low of -22.90 Index Points in the fourth quarter of 2008.

Business Confidence in Norway is expected to be 9.50 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Norway to stand at 8.20 in 12 months time. In the long-term, the Norway Industry Confidence is projected to trend around 5.10 Index Points in 2020, according to our econometric models.

Norway Industry Confidence
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Calendar GMT Actual Previous Consensus TEForecast
2018-04-20 06:00 AM Industrial Confidence 6.3 6.4 7.0 8
2018-07-24 06:00 AM Industrial Confidence 9.2 6.8 7.0 7.5
2018-10-19 06:00 AM Industrial Confidence 8.9 8.9 8.5
2019-01-25 07:00 AM Industrial Confidence 9.0 8.9 9.5
2019-04-25 06:00 AM Industrial Confidence 9.0 9.5
2019-07-23 06:00 AM Industrial Confidence 9.1
2019-10-21 06:00 AM Industrial Confidence 9


Norway Business Last Previous Highest Lowest Unit
Business Confidence 9.00 8.90 20.10 -22.90 Index Points [+]
Manufacturing PMI 58.30 55.90 64.10 36.90 [+]
Industrial Production 1.20 2.60 15.40 -13.10 percent [+]
Industrial Production Mom -1.00 -1.50 12.40 -9.30 percent [+]
Manufacturing Production 2.50 2.80 8.90 -10.40 percent [+]
Capacity Utilization 79.60 79.20 85.50 76.20 percent [+]
Changes in Inventories 33332.00 27060.00 57276.00 3245.00 NOK Million [+]
Bankruptcies 362.00 453.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 11932.00 14184.00 19014.50 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Leading Economic Index 0.90 0.50 0.90 -0.40 percent [+]
Mining Production -0.90 -1.80 69.00 -28.20 percent [+]
Steel Production 43.44 56.06 97.00 0.00 Thousand Tonnes [+]
Competitiveness Index 78.16 78.94 78.94 5.14 Points [+]
Competitiveness Rank 16.00 14.00 17.00 11.00 [+]
Corruption Index 84.00 85.00 91.00 79.00 Points [+]
Corruption Rank 7.00 3.00 14.00 3.00 [+]
Ease of Doing Business 7.00 8.00 10.00 6.00 [+]
Electricity Production 13666.00 13281.00 16376.00 6653.00 Gigawatt-hour [+]


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. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - actual data, historical chart and calendar of releases - was last updated on February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9.00 8.90 20.10 -22.90 1988 - 2018 Index Points Quarterly
SA




Country Last Previous
Australia 4.00 Jan/19
Brazil 64.70 Jan/19
Canada 54.70 Jan/19
China 49.50 Jan/19
Euro Area 0.69 Jan/19
France 103.00 Jan/19
Germany 99.10 Jan/19
India 116.20 Mar/19
Indonesia 104.71 Dec/18
Italy 102.10 Jan/19
Japan 19.00 Dec/18
Mexico 50.80 Jan/19
Netherlands 5.80 Jan/19
Russia -2.00 Jan/19
Saudi Arabia 3.00 Jun/16
Singapore -14.00 Dec/18
South Africa 31.00 Dec/18
South Korea 67.00 Jan/19
Spain -4.10 Jan/19
Switzerland 95.00 Jan/19
Turkey 93.00 Jan/19
United Kingdom -23.00 Mar/19
United States 56.60 Jan/19


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