Norway's industrial production increased 2.7 percent year-on-year in December of 2020, rebounding from a 0.7 drop in the previous month. Output of both electricity, gas & steam (29.1 percent vs 3.1 percent in November) and extraction & related services (1.7 percent vs 1.0 percent) grew faster. Meanwhile, manufacturing output continued to shrink (-1.2 percent vs -0.9 percent), due to a decline in machinery and equipment (-7.1 percent vs -7.1 percent), ships, boats & oil platforms (-9.2 percent vs -12.0 percent), repair, installation of machinery (-11.1 percent vs -6.0 percent), textiles, wearing, leather (-0.1 percent vs -5.1 percent), transport equipment n.e.c (-16.7 percent vs -11.0 percent), and fabricated metal (-13.0 percent vs -8.0 percent). source: Statistics Norway

Industrial Production in Norway averaged 0.37 percent from 1991 until 2020, 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 February of 2021.

Industrial Production in Norway is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Norway to stand at 1.50 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 1.50 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
2.70 -0.70 15.40 -13.10 1991 - 2020 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 07:00 AM Sep 6.3% 8.3% 6.2%
2020-12-07 07:00 AM Oct 0.0% 6.3% 6.5%
2021-01-08 07:00 AM Nov -0.7% 0.0% 0.8%
2021-02-05 07:00 AM Dec 2.7% -0.7% -0.2%
2021-03-08 07:00 AM Jan 2.7%
2021-04-08 06:00 AM Feb
2021-05-06 06:00 AM Mar
2021-06-07 06:00 AM Apr


News Stream
Norway Industrial Output Rebounds in December
Norway's industrial production increased 2.7 percent year-on-year in December of 2020, rebounding from a 0.7 drop in the previous month. Output of both electricity, gas & steam (29.1 percent vs 3.1 percent in November) and extraction & related services (1.7 percent vs 1.0 percent) grew faster. Meanwhile, manufacturing output continued to shrink (-1.2 percent vs -0.9 percent), due to a decline in machinery and equipment (-7.1 percent vs -7.1 percent), ships, boats & oil platforms (-9.2 percent vs -12.0 percent), repair, installation of machinery (-11.1 percent vs -6.0 percent), textiles, wearing, leather (-0.1 percent vs -5.1 percent), transport equipment n.e.c (-16.7 percent vs -11.0 percent), and fabricated metal (-13.0 percent vs -8.0 percent).
2021-02-05
Norway Industrial Output Falls for First Time in a Year
Norway's industrial production fell 0.7 percent year-on-year in November of 2020, after a flat reading in the previous month. It was the first monthly decline in manufacturing production since November last year, as manufacturing output contracted further (-0.9 percent vs -2.7 percent in October), due to a decline in machinery and equipment (-7.1 percent vs -8.2 percent), ships, boats & oil platforms (-12.0 percent vs -7.3 percent), repair, installation of machinery (-6.0 percent vs -5.9 percent), textiles, wearing, leather (-5.1 percent vs -2.7 percent), transport equipment n.e.c (-11.0 percent vs -14.1 percent), and fabricated metal (-8.0 percent vs -6.0 percent). In addition, output of both extraction & related services (1.0 percent vs 1.6 percent) and electricity, gas & steam (3.1 percent vs 19.5 percent) grew less.
2021-01-08
Norway Industrial Production Unchanged in October
Norway's industrial production was unchanged from a year earlier in October of 2020, after a 6.3 percent gain in the previous month. Output grew softer for extraction & related services (1.6 percent vs 19.2 percent in September) while production of electricity, gas & steam continued to rise (19.5 percent vs 9.9 percent in September). On the other hand, manufacturing output contracted less (-2.7 percent vs -3.4 percent), due to a decline in machinery and equipment (-8.2 percent vs -9.4 percent), ships, boats & oil platforms (-7.3 percent vs -9.3 percent), repair, installation of machinery (-5.9 percent vs -10.5 percent), textiles, wearing, leather (-2.7 percent vs -12.0 percent), rubber, plastic and mineral products (-7.1 percent vs -3.7 percent), and fabricated metal (-6.0 percent vs -10.1 percent).
2020-12-07
Norway Industrial Output Rises the Least in 3 Months
Norway's industrial production increased 6.3 percent year-on-year in September 2020, the least since June, slowing from an 8.3 percent gain in the previous month. Output grew softer for electricity, gas & steam continued to rise (9.9 percent vs 14.7 percent in August) while output of extraction & related services continued to increase (19.2 percent vs 18.9 percent). In addition, manufacturing output contracted much more (-3.4 percent vs -2.5 percent), due to a decline in machinery and equipment (-9.4 percent vs -5.5 percent), ships, boats & oil platforms (-9.3 percent vs -11.9 percent), computer and electrical equipment (-2.0 percent vs -2.3 percent), repair, installation of machinery (-10.5 percent vs -10.2 percent), textiles, wearing, leather (-12 percent vs -3.2 percent), rubber, plastic and mineral products (-3.7 percent vs -5.9 percent), and fabricated metal (-10.1 percent vs 0.3 percent).
2020-11-06

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.