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.