Industrial Production in Norway decreased 5.30 percent in October of 2021 over the previous month. source: Statistics Norway

Industrial Production Mom in Norway averaged 0.07 percent from 1990 until 2021, reaching an all time high of 12.30 percent in September of 1991 and a record low of -9.30 percent in March of 2002. This page provides - Norway Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Industrial Production Mom in Norway is expected to be 1.60 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 MoM is projected to trend around 0.60 percent in 2022 and 0.50 percent in 2023, according to our econometric models.

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Norway Industrial Production MoM

Calendar GMT Actual Previous Consensus TEForecast
2021-11-08 07:00 AM Sep 3.3% 2.7% 0.1%
2021-12-07 07:00 AM Oct -5.3% 3.3% 3.9%
2022-01-07 07:00 AM Nov -5.3%

Related Last Previous Unit Reference
Business Confidence 8.80 11.00 points Sep/21
Industrial Production Mom -5.30 3.30 percent Oct/21
Industrial Production 6.90 7.90 percent Oct/21
Manufacturing Production 1.90 3.60 percent Oct/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 309.00 324.00 Companies and Individuals Oct/21
Car Registrations 17605.00 14687.00 Nov/21
Leading Economic Index 0.60 1.00 percent Sep/21
Mining Production -18.10 -19.50 percent Jun/21
Norway Industrial Production MoM
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); rubber, plastic and mineral products (2 percent); and basic metals (2 percent). Electricity, gas and steam account for 6 percent of total output; and Mining and quarrying account for 1 percent.