Norway's industrial production increased 0.9 percent year-on-year in April of 2021, accelerating from a 0.6 rise in the previous month, mainly due to a softer fall in both production of electricity, gas & steam (-0.7 vs -2.6% in March) and extraction & related services (-1,9% vs -2.2%), while those of manufacturing continued to grow (4.7% vs 4.7%). Manufacturing output expanded further, due to a rise in output of refined petroleum, chemicals, pharmaceuticals (6.0% vs 2.2%), basic metals (6.9% vs 6.1%), ships, boats and oil platforms (21.1% vs 9.4%) and food, beverage and tobacco (6.9 vs 5.3%). In addition, production of machinery and equipment fell less (-0.40% vs -0.74%). source: Statistics Norway

Industrial Production in Norway averaged 0.39 percent from 1991 until 2021, 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 June of 2021.

Industrial Production in Norway is expected to be 3.00 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.

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Norway Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.60 15.40 -13.10 1991 - 2021 percent Monthly
2005=100, WDA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-08 07:00 AM Jan 5.9% 2.7% 1.9%
2021-04-08 06:00 AM Feb 1.5% 5.9% 6.2%
2021-05-06 06:00 AM Mar 0.6% 1.5% 1.7%
2021-06-07 06:00 AM Apr 0.9% 0.6% 1.5%
2021-07-07 06:00 AM May 0.9%
2021-08-09 06:00 AM Jun
2021-09-07 06:00 AM Jul
2021-10-07 06:00 AM Aug


News Stream
Norway Industrial Output Growth Accelerates
Norway's industrial production increased 0.9 percent year-on-year in April of 2021, accelerating from a 0.6 rise in the previous month, mainly due to a softer fall in both production of electricity, gas & steam (-0.7 vs -2.6% in March) and extraction & related services (-1,9% vs -2.2%), while those of manufacturing continued to grow (4.7% vs 4.7%). Manufacturing output expanded further, due to a rise in output of refined petroleum, chemicals, pharmaceuticals (6.0% vs 2.2%), basic metals (6.9% vs 6.1%), ships, boats and oil platforms (21.1% vs 9.4%) and food, beverage and tobacco (6.9 vs 5.3%). In addition, production of machinery and equipment fell less (-0.40% vs -0.74%).
2021-06-07
Norway Industrial Output Rises the Least in 4 Months
Norway's industrial production increased 0.6 percent year-on-year in March of 2021, the least since last November, slowing from a 1.5 gain in the previous month, mainly due to a fall in both production of electricity, gas & steam (-2.6% vs 14.5% in February) and extraction & related services (-2.2% vs -1.5%), while those of manufacturing grew faster (4.7% vs 0.8%). Manufacturing output growth accelerated, due to a faster increase in output of refined petroleum, chemicals, pharmaceuticals (2.2% vs 1.7%), basic metals (6.2% vs 4.2%), while those of ships, boats and oil platforms rebounded sharply (9.4% vs -7.5%). In addition, production of machinery and equipment fell much less (-0.7% vs -5.4%). Meanwhile, output of tobacco expanded softer (5.3% vs 9.4%).
2021-05-06
Norway Industrial Output Rises the Least in 3 Months
Norway's industrial production increased 1.5 percent year-on-year in February of 2021, the least since last November, easing from a 5.9 rise in the previous month, mainly due to a softer rise in production of electricity, gas & steam (14.5% vs 32.4% in January) while extraction & related services fell (-1.5% vs 2.2%). Also, manufacturing output growth eased (0.8% vs 1.0%), due to a softer increase in output of tobacco (9.4% vs 10.8%), refined petroleum, chemicals, pharmaceuticals (1.7% vs 4.8%) while production of textiles, wearing, leather dropped (-3.1% vs 1.4%). In addition, output fell more for machinery and equipment (-5.4% vs -2.2%), transport equipment n.e.c (-13.4% vs -12.1%), and fabricated metal products (-8.2% vs -6.5%).
2021-04-08
Norway Industrial Output Expands the Most in 4 Months
Norway's industrial production increased 5.9 percent year-on-year in January of 2020, the most since last September, accelerating from a 2.7 rise in December 2020, mainly due to a faster rise in output of electricity, gas & steam (32.4% vs 29.1% in December) and extraction & related services (2.2% vs 1.7%). In addition, manufacturing output rebounded (1.0% vs -1.2% in December), due to a recover in output of textiles, wearing, leather (1.4% vs -0.1%), while production of both food, beverage and tobacco (10.8% vs 7.5%) and refined petroleum, chemicals, pharmaceuticals (4.8% vs 0.1%) grew more. In addition, output fell less for machinery and equipment (-2.2% vs -7.1%), ships, boats & oil platforms (-13.8% vs -9.2%), repair, installation of machinery (-5.0% vs -11.1%), transport equipment n.e.c (-12.1% vs -16.7%), and fabricated metal products (-6.5% vs -13.0%)
2021-03-08

Norway Industrial Production
In Norway, industrial production measures the output of businesses integrated in industrial sector of the economy. Extraction and related services is the most important sector and accounts for 67 percent of total production. The biggest segments within Extraction and related services are: Extraction of natural gas (31 percent of total output) and extraction of crude petroleum (30 percent). Manufacturing accounts for 27 percent of total production, mainly: food, beverages and tobacco (5 percent); refined petroleum, chemicals and pharmaceutical products (4 percent); machinery and equipment (3 percent); fabricated metal products (2 percent); ships, boats and oil platforms (2 percent); computer and electrical equipment (2 percent); repair, installation of machinery (2 percent); and rubber, plastic and mineral products (2 percent). Electricity, gas and steam account for 6 percent of total output; and Mining and quarrying account for 1 percent.