Norway's industrial production surged 1.1 percent year-on-year in December 2019, following a 0.9 percent contraction in the previous month. This was the first increase in industrial production since December 2018, as extraction and related services jumped 6.2 percent, accelerating from a 2.0 percent rise in the previous month. Meantime, manufacturing growth slowed (0.6 percent vs 1.0 percent) due to a softer rise in fabricated metal products (4.5 percent vs 5.5 percent), ships, boats and oil platforms (29.5 percent vs 34.4 percent). In addition, output for machinery and equipment fell (-6.1 percent vs 3.3 percent), while production of food, beverage and tobacco dropped more (-3.3 percent vs -1.3 percent). On the other hand, electricity, gas and steam continued to fall (-9.6 percent vs -4.9 percent).

Industrial Production in Norway averaged 0.24 percent from 1991 until 2019, 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. source: Statistics Norway

Industrial Production in Norway is expected to be 2.20 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 2.50 in 12 months time. In the long-term, the Norway Industrial Production is projected to trend around 2.00 percent in 2021, according to our econometric models.


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Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
1.10 -0.90 15.40 -13.10 1991 - 2019 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 07:00 AM Sep -8.1% -9.2% -4.4%
2019-12-06 07:00 AM Oct -5.7% -8.1% -6.8%
2020-01-08 07:00 AM Nov -0.9% -5.7% -6%
2020-02-07 07:00 AM Dec 1.1% -0.9% -1.4%
2020-03-06 07:00 AM Jan 1.1% 0.7%
2020-04-07 06:00 AM Feb
2020-05-08 06:00 AM Mar 2.2%
2020-06-08 06:00 AM Apr


News Stream
Norway Industrial Output Grows for 1st Time in a Year
Norway's industrial production surged 1.1 percent year-on-year in December 2019, following a 0.9 percent contraction in the previous month. This was the first increase in industrial production since December 2018, as extraction and related services jumped 6.2 percent, accelerating from a 2.0 percent rise in the previous month. Meantime, manufacturing growth slowed (0.6 percent vs 1.0 percent) due to a softer rise in fabricated metal products (4.5 percent vs 5.5 percent), ships, boats and oil platforms (29.5 percent vs 34.4 percent). In addition, output for machinery and equipment fell (-6.1 percent vs 3.3 percent), while production of food, beverage and tobacco dropped more (-3.3 percent vs -1.3 percent). On the other hand, electricity, gas and steam continued to fall (-9.6 percent vs -4.9 percent).
2020-02-07
Norway Industrial Output Falls for 11th Month
Norway's industrial production dropped 0.9 percent year-on-year in November 2019, following a 5.7 percent contraction in the previous month. This was the eleventh straight month of decrease in industrial activity, as electricity, gas and steam continued to fall (-4.9 percent vs -12.5 percent) while manufacturing growth slowed sharply (1.0 percent vs 1.9 percent) due to a declines in food, beverage and tobacco (-1.3 percent vs 3.6 percent) and refined petroleum, chemicals and pharmaceutical products (-5.4 percent vs -2.8 percent). Still, output rose for machinery and equipment (3.3 percent vs 3.2 percent), fabricated metal products (5.5 percent vs 4.9 percent), ships, boats and oil platforms (34.3 percent vs 29.6 percent); and computer and electrical equipment (3.9 percent vs 2.5 percent). Extraction and related services surged 2.0 percent, recovering from a 6.7 percent drop in the previous month.
2020-01-08
Norway Industrial Output Shrinks the Least in 3 Months
Norway's industrial production dropped 5.7 percent year-on-year in October 2019, following a 8.1 percent contraction in the previous month. This was the tenth straight month of decrease in industrial activity, but the smallest decline since July, as output of extraction & related services fell softer (-6.7 percent vs -14.5 percent in September) while electricity, gas & steam output continued to drop (-12.5 percent vs -2.1 percent). Meanwhile, manufacturing output grew further (1.9 percent from 2.9 percent), as output expanded for food, beverage and tobacco (3.6 percent vs 2.3 percent), machinery and equipment (3.2 percent vs 4.5 percent), fabricated metal products (4.9 percent vs 6.3 percent), ships, boats and oil platforms (29.6 percent vs 26.2 percent), computer and electrical equipment (2.5 percent vs 3.3 percent), and repair, installation of machinery (6.0 percent vs 7.6 percent).
2019-12-06
Norway Industrial Output Shrinks for 9th Month
Norway's industrial production dropped 8.1 percent year-on-year in September 2019, following a 9.2 percent contraction in the previous month. This was the ninth straight month of decrease in industrial activity, as output fell for extraction & related services (-14.5 percent vs -15.5 percent in August) and electricity, gas & steam (-2.1 percent vs -3.3 percent). Meanwhile, manufacturing output growth accelerated to 2.9 percent from 1.7 percent, as output expanded for food, beverage and tobacco (2.3 percent vs -1.7 percent), machinery and equipment (4.5 percent vs 0.4 percent), fabricated metal products (6.3 percent vs 8.7 percent), ships, boats and oil platforms (26.2 percent vs 32.1 percent), computer and electrical equipment (3.3 percent vs -2.0 percent), and repair, installation of machinery (7.6 percent vs 7.9 percent).
2019-11-07

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.