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.

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Norway Industrial Production


Calendar GMT Actual Previous Consensus TEForecast
2021-12-07 07:00 AM Oct 6.9% 7.9% 8.8%
2022-01-07 07:00 AM Nov 2.3% 6.9% 4%
2022-02-07 07:00 AM Dec 2.3%


Related Last Previous Unit Reference
Business Confidence 8.80 11.00 points Sep/21
Industrial Production Mom -3.00 -5.30 percent Nov/21
Industrial Production 2.30 6.90 percent Nov/21
Manufacturing Production 0.40 1.90 percent Nov/21
Capacity Utilization 80.00 79.80 percent Sep/21
New Orders 146.10 97.80 points Dec/17
Changes in Inventories 22636.00 17822.00 NOK Million Sep/21
Bankruptcies 312.00 309.00 Companies and Individuals Nov/21
Car Registrations 20651.00 17605.00 Dec/21
Mining Production -19.60 -12.40 percent Nov/21
Leading Economic Index 0.60 1.00 percent Sep/21

News Stream
Norway Industrial Production Rises the Least in 4 Months
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).
2022-01-07
Norway Industrial Output Growth Eases in October
Norway's industrial production rose 6.9 percent year-on-year in October of 2021, easing from a 7.9 growth in the previous month, due to softer rises in production of manufacturing, while production of electricity, gas & steam shrank more. Manufacturing output expanded less (1.9% vs 3.6%), dragged down by repair, installation of machinery (2.3% vs 2.8% in September), textiles, wearing apparel, leather (5.6% vs 6.5%), wood and wood products (3.0% vs 3.9%), rubber, plastic and mineral prod (1.2% vs 4.8%), while output of food, beverage and tobacco contracted (-0.3% vs 8.4%). Meantime, output of extraction & related services growth was steady (at 12.8%). In addition, production of electricity, gas & steam shrank faster (-11.0% vs -7.1% in September).
2021-12-07
Norway Industrial Output Rises the Most in 13 Months
Norway's industrial production surged 7.9 percent year-on-year in September of 2021, accelerating from a 2.7 gain in the previous month. It was the highest industrial output growth since August last year, mainly due to a faster rise in production of extraction & related services (12.8% vs 5% in August). At the same time, activity in manufacturing expanded more (3.6% vs 2.2%), boosted by a faster rise in food, beverage and tobacco (8.4% vs 8.0%), repair, installation of machinery (2.8% vs 1.9%), while rebounded for textiles, wearing apparel, leather (6.5% vs -0.4%), wood and wood products (3.9% vs -12%), rubber, plastic and mineral prod (4.8% vs -8.1%), transport equipment n.e.c (3.6% vs -6.9%). In addition, production of electricity, gas & steam fell less (-7.1% vs -10.6% in August).
2021-11-08

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.