Norway’s industrial production fell 6.6 percent from a year earlier in January 2023, after showing no growth in the previous month. It was the first decline in industrial output since November 2020, as production dropped for both electricity, gas & stream (-5.8 percent vs -7.4 percent) and manufacturing, mining & quarrying (-0.8 percent vs 0.3 percent), mainly wood and wood products (-17.2 percent), basic metals (-13 percent), and furniture and manufacturing n.e.c (-10.9 percent). By contrast, production of extraction & related services rebounded (3.9 percent vs -1.2 percent in December). On a monthly basis, the industrial production plunged 8.3 percent, the fifth straight month of decrease, following an upwardly revised 0.2 percent fall in December 2022. source: Statistics Norway

Industrial Production in Norway averaged 0.51 percent from 1991 until 2023, 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 March of 2023.

Industrial Production in Norway is expected to be -2.30 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 1.80 percent in 2024 and 2.20 percent in 2025, according to our econometric models.

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Norway Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-02-07 07:00 AM Dec 0% 4.5% 4.8%
2023-03-07 07:00 AM Jan -6.6% 0% -0.8%
2023-04-05 06:00 AM Feb -6.6%


Related Last Previous Unit Reference
Business Confidence -3.90 -4.40 points Dec 2022
Industrial Production Mom -8.30 -0.20 percent Jan 2023
Industrial Production -6.60 0.00 percent Jan 2023
Manufacturing Production -0.80 0.40 percent Jan 2023
Capacity Utilization 80.10 80.60 percent Dec 2022
New Orders 146.10 97.80 points Dec 2017
Changes in Inventories 18331.00 36290.00 NOK Million Dec 2022
Bankruptcies 392.00 416.00 Companies and Individuals Feb 2023
Car Registrations 7797.00 2727.00 Units Feb 2023
Leading Economic Index -0.20 0.30 percent Jan 2023
Mining Production -9.90 -12.10 percent Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
-6.60 0.00 15.40 -13.10 1991 - 2023 percent Monthly
2005=100, WDA

News Stream
Norway Industrial Output Drops for 1st Time in 26 Months
Norway’s industrial production fell 6.6 percent from a year earlier in January 2023, after showing no growth in the previous month. It was the first decline in industrial output since November 2020, as production dropped for both electricity, gas & stream (-5.8 percent vs -7.4 percent) and manufacturing, mining & quarrying (-0.8 percent vs 0.3 percent), mainly wood and wood products (-17.2 percent), basic metals (-13 percent), and furniture and manufacturing n.e.c (-10.9 percent). By contrast, production of extraction & related services rebounded (3.9 percent vs -1.2 percent in December). On a monthly basis, the industrial production plunged 8.3 percent, the fifth straight month of decrease, following an upwardly revised 0.2 percent fall in December 2022.
2023-03-07
Norway Industrial Production Stagnant in December
Norway’s industrial production showed no growth in December 2022, after over two years of consecutive rise, and from 4.5 percent increase in the previous month. Production declined for both extraction & related services (-1.2 percent vs 2.4 percent in November) and electricity, gas & stream (-7.4 percent vs -1.1 percent). On the other hand, production rebounded for manufacturing, mining & quarrying (0.3 percent vs -0.2 percent). On a monthly basis, the industrial production fell 0.1 percent, easing from a downwardly revised 0.5 percent fall in November.
2023-02-07
Norway Industrial Output Growth at 3-Month High
Industrial production in Norway rose 4.5% year-on-year in November 2022, accelerating from a 3.5% gain in the previous month. It was the fastest growth since August, as production in extraction & related services rebounded sharply to 2.4% from a 0.3% drop a month earlier. On the other hand, manufacturing, mining & quarrying went down, reversing October’s gain (-0.2% vs 1.8%), while electricity, gas & steam fell at a softer rate (-1.1% vs -10.4%). On a seasonally adjusted monthly basis, industrial activity dropped by 0.9%, following a downwardly revised 1.1% fall in October.
2023-01-06