The gross domestic product of mainland Norway, which excludes the largely petroleum-based offshore sector, grew 0.7 percent in the third quarter of 2019, the same pace as in the April-June period. Leading Economic Index in Norway averaged 0.56 percent from 2016 until 2019, reaching an all time high of 1.10 percent in December of 2018 and a record low of -0.50 percent in June of 2016. source: Statistics Norway

Leading Economic Index in Norway is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Norway to stand at 0.40 in 12 months time. In the long-term, the Norway GDP Mainland 3-Month Average is projected to trend around 0.40 percent in 2020, according to our econometric models.

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Norway GDP Mainland 3-Month Average

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.70 1.10 -0.50 2016 - 2019 percent Monthly
SA



Calendar GMT Actual Previous Consensus TEForecast
2019-02-08 07:00 AM Q4 0.9% 0.4% 0.7% 0.5%
2019-05-13 06:00 AM Q1 0.3% 1.1% 0.4% 0.6%
2019-08-29 06:00 AM Q2 0.7% 0.5% 0.8% 0.4%
2019-11-12 07:00 AM Q3 0.7% 0.7% 0.8% 0.7%
2020-02-07 07:00 AM Q4 0.7% 0.5%
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Norway GDP Mainland 3-Month Average
In Norway, rolling three-month growth is calculated by comparing a three-month period with the previous three-month period, for example growth in May to July compared with February to April.

Norway Business Last Previous Highest Lowest Unit
Business Confidence 2.50 5.10 20.10 -22.90 points [+]
Manufacturing PMI 55.50 53.80 61.70 37.10 points [+]
Industrial Production -0.90 -5.70 15.40 -13.10 percent [+]
Industrial Production Mom 3.70 3.10 12.30 -9.30 percent [+]
Manufacturing Production 1.00 1.90 8.90 -10.40 percent [+]
Capacity Utilization 79.40 79.30 85.50 76.20 percent [+]
Changes in Inventories 24330.00 27789.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 438.00 490.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 12013.00 11402.00 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 0.70 0.70 1.10 -0.50 percent [+]
Mining Production 4.50 -2.90 69.00 -28.20 percent [+]
Steel Production 52.59 62.71 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 18.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 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 9.00 7.00 10.00 6.00 [+]
Electricity Production 11526.00 10949.00 16376.00 6653.00 Gigawatt-hour [+]