Norway's industrial production grew 2.3 percent year-on-year in November of 2021, easing sharply from a 6.9 rise in the previous month. It was the weakest growth in industrial production since July, due to softer rises in production of both manufacturing and extraction and related services. Output of extraction and related services rose softer (1.1% vs 12.8% in October), while manufacturing output advanced less (0.4% vs 1.9%), dragged down by paper and paper products (5.6% vs 7.5%), refined petrochemicals, pharmaceuticals (2.4% vs 8.3%), textiles, wearing apparel, leather (2.3% vs 5.6%), while output of rubber, plastic and mineral products fell (-2.7% vs 1.2%),(-2.7% vs 1.2%). By contrast, production of electricity, gas & steam rebounded sharply (8.0% vs -11.0% in October). source: Statistics Norway
Industrial Production in Norway averaged 0.45 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 January of 2022.
Industrial Production in Norway is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Industrial Production is projected to trend around 2.40 percent in 2023, according to our econometric models.