Norway's industrial confidence indicator inched up to 8.8 in Q1 of 2022 from 8.6 in Q4 2021, amid increasing in production and prices. The production in both intermediate and capital goods grew accelerated while the growth among producers of consumer goods moderated. Some of the industrial leaders still experienced limited production, reflecting a lack of raw materials, skilled labour and input factors. New orders grew accelerated for both domestic and foreign markets. Meantime, price significant growth is reported for all types of goods. The general outlook for the 2nd quarter of 2022 is clearly positive, and the proportion with an optimistic view is slightly higher than in the previous survey. The total production volume is expected to grow further, along with new orders, employment, and total stock orders. The strongest growth is estimated for producers of capital goods, while the expected growth is somehow weaker for producers of and intermediate and consumer goods. source: Statistics Norway
Business Confidence in Norway averaged 2.89 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 July of 2022.
Business Confidence in Norway is expected to be 7.00 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 2.00 points in 2023, according to our econometric models.