Norway's industrial production growth eased sharply to 0.9% year-on-year in September of 2022, following a 4.7% rise in the previous month. It is the lowest reading since March 2021, as production of electricity, gas & steam decreased (-22.8% vs 1.2% in August), and the output for extraction & related services went down (-3.2% vs 3.3%). By contrast, production of manufacturing, mining & quarrying increased (0.1%). On a monthly basis, industrial production fell by 2.4%, the biggest decline in ten months, following a 3.1% gain in August. source: Statistics Norway

Industrial Production in Norway averaged 0.51 percent from 1991 until 2022, 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 November of 2022.

Industrial Production in Norway is expected to be 0.80 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 -2.20 percent in 2023 and 1.80 percent in 2024, according to our econometric models.

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Norway Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 06:00 AM Aug 4.7% 1.8% 2.2%
2022-11-07 07:00 AM Sep 0.9% 4.7% 1.5%
2022-12-07 07:00 AM Oct 0.9%


Related Last Previous Unit Reference
Business Confidence -4.40 2.30 points Sep 2022
Industrial Production Mom -2.40 3.10 percent Sep 2022
Industrial Production 0.90 4.70 percent Sep 2022
Manufacturing Production 0.10 -1.10 percent Sep 2022
Capacity Utilization 80.60 80.90 percent Sep 2022
New Orders 146.10 97.80 points Dec 2017
Changes in Inventories 44481.00 33536.00 NOK Million Jun 2022
Bankruptcies 360.00 266.00 Companies and Individuals Sep 2022
Car Registrations 13808.00 14758.00 Oct 2022
Mining Production 3.00 3.00 percent Sep 2022
Leading Economic Index 0.40 -0.10 percent Aug 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
0.90 4.70 15.40 -13.10 1991 - 2022 percent Monthly
2005=100, WDA

News Stream
Norway Industrial Output Growth Weakest Since March 2021
Norway's industrial production growth eased sharply to 0.9% year-on-year in September of 2022, following a 4.7% rise in the previous month. It is the lowest reading since March 2021, as production of electricity, gas & steam decreased (-22.8% vs 1.2% in August), and the output for extraction & related services went down (-3.2% vs 3.3%). By contrast, production of manufacturing, mining & quarrying increased (0.1%). On a monthly basis, industrial production fell by 2.4%, the biggest decline in ten months, following a 3.1% gain in August.
2022-11-07
Norway Industrial Output Growth Strongest in 3 Months
Norway's industrial production grew 4.7 percent year-on-year in August of 2022, accelerating from a 1.8% growth in the previous month. The figure was the fastest rate in industrial production since May, as production of extraction and related services accelerated (3.3% vs 0.5% in July), amid a rebound in production of electricity, gas and steam (1.2% vs -2.8%). Meanwhile, production of manufacturing, mining and quarrying declined (-0.9% vs 1.5%). On a monthly basis, the industrial production rose 3.1 percent, following an upwardly revised 2.1 percent gain in July.
2022-10-07
Norway Industrial Output Growth Weakest in 5 Months
Norway's industrial production expanded 1.8 percent year-on-year in July of 2022, easing from a 2.3% growth in the previous month. The figure was the softest rate in industrial production since February, as production of both extraction and related services (0.5% vs -3.2% in June) and manufacturing, mining and quarrying (1.5% vs -2.2%) rebounded, amid a decline in production of electricity, gas and steam (-2.8% vs 0.8%). On a monthly basis, the industrial production rose 1.5 percent, rebounding from a downwardly revised 1.4 percent fall in June.
2022-09-07