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.