Norway's industrial confidence indicator slightly rose to -3.9 in Q4 of 2022 from -4.4 in Q3. Nevertheless, industrial morale remained in negative territory as total new orders fell. Production in intermediate goods declined, while growth was recorded among producers of capital goods. Some of the industrial leaders reported limited production, reflecting a lack of raw materials, and input factors, due to corona shutdowns in China, Ukraine war and the energy crisis in Europe. Meanwhile, employment rose slightly compared to the 3rd quarter, while prices increased significantly for all types of goods both at home and export market. The general outlook for Q1 of 2023 is negative among the majority of businesses. Only producers of capital goods were optimistic. The industry leaders expect a moderate decrease in total production volume and a moderate increase in average employment. source: Statistics Norway
Business Confidence in Norway averaged 2.79 points from 1988 until 2022, reaching an all time high of 20.10 points in the fourth quarter of 2006 and a record low of -22.90 points in the fourth quarter of 2008. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Business Confidence in Norway is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Industry Confidence is projected to trend around -4.00 points in 2024 and 1.00 points in 2025, according to our econometric models.