Norway's producer prices declined by 12.1 percent year-on-year in August 2020, after a 13.3 percent plunge in the previous month. It was the 16th straight month of drop in produces prices, but the least since March. Prices decreased at softer paces for energy goods (-32.8 percent vs -36.2 percent in July); extraction and related services (-30 percent vs -33.3 percent); and electricity, gas, and steam (-31 percent vs -33.4 percent). Meanwhile, cost of manufacturing fell by 0.3 percent, the same as in the prior month. On a monthly basis, producer prices rose 1.2 percent in August, after a flat reading in July.

Producer Prices Change in Norway averaged 4.92 percent from 2000 until 2020, reaching an all time high of 33.90 percent in August of 2008 and a record low of -18.70 percent in November of 2001. This page provides - Norway Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Statistics Norway

Producer Prices Change in Norway is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Norway to stand at 7.90 in 12 months time. In the long-term, the Norway Producer Prices Change is projected to trend around 4.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Norway Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-12.10 -13.30 33.90 -18.70 2000 - 2020 percent Monthly
2000=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-10 06:00 AM May -17.5% -16.1% -20% -18%
2020-07-10 06:00 AM Jun -14.4% -17.5% -14%
2020-08-10 06:00 AM Jul -13.3% -14.4% -13.8%
2020-09-10 06:00 AM Aug -12.1% -13.3% -11%
2020-10-09 06:00 AM Sep -12.1% -6%
2020-11-10 07:00 AM Oct
2020-12-10 07:00 AM Nov


News Stream
Norway Producer Prices Fall the Least in 6 Months
Norway's producer prices declined by 12.1 percent year-on-year in August 2020, after a 13.3 percent plunge in the previous month. It was the 16th straight month of drop in produces prices, but the least since March. Prices decreased at softer paces for energy goods (-32.8 percent vs -36.2 percent in July); extraction and related services (-30 percent vs -33.3 percent); and electricity, gas, and steam (-31 percent vs -33.4 percent). Meanwhile, cost of manufacturing fell by 0.3 percent, the same as in the prior month. On a monthly basis, producer prices rose 1.2 percent in August, after a flat reading in July.
2020-09-10
Norway Producer Prices Drop the Least in 4 Months
Norway's producer prices declined by 13.3 percent year-on-year in July 2020, after a 14.4 percent plunge in the previous month. It was the 14th straight month of decline in produces prices and the least since March. Prices decreased at softer paces for energy goods (-36.2 percent vs -38.1 percent in June); extraction and related services (-33.3 percent vs -33.6 percent); manufacturing (-0.3 percent vs -2.2 percent). Meanwhile, electricity, gas, and steam slumped 33.4 percent, following a 29.1 percent fall in June. On a monthly basis, producer prices were flat, after a 1.3 percent drop in June.
2020-08-10
Norway Producer Prices Drop for 13th Month
Norway's producer prices tumbled by 14.4 percent year-on-year in June 2020, after a 17.5 percent plunge in the previous month. It was the thirteenth straight month of decline in produces prices as prices decreased for all categories: energy goods (-38.1 percent vs -44.1 percent in May); extraction and related services (-33.6 percent vs -38.0 percent); manufacturing (-2.2 percent vs -3.3 percent); and electricity, gas, and steam (-29.1 percent vs -28.8 percent). On a monthly basis, producer prices fell 1.3 percent in June, after a 2.7 percent drop in May.
2020-07-10
Norway Producer Prices Fall the Most Since 2001
Norway's producer prices slumped by 17.5 percent year-on-year in May 2020, the biggest decline since November 2001, as prices decreased for all categories: energy goods (-44.1 percent vs -40.8 percent in April); extraction and related services (-38.0 percent vs -35.2 percent); manufacturing (-3.3 percent vs -1.4 percent); and electricity, gas, and steam (-28.8 percent vs -33.5 percent). On a monthly basis, producer prices dropped 2.7 percent in May, after a 3.3 percent fall in April.
2020-06-10

Norway Producer Prices Change
In Norway, the Producer Price Index measures the price development of first hand sales of products to the Norwegian market, from Norwegian production and export. Manufacturing prices account for 54 percent of the total index. The biggest segments within Manufacturing prices are: Food, beverages and tobacco (12 percent), refined petroleum products (8 percent) machinery and equipment (6 percent) and basic metals (5 percent). Extraction and related services account for 41 percent, Electricity, gas and steam account for 4 percent and Mining and quarrying account for 1 percent.