Norway’s manufacturing production dropped 0.4% month-over-month in March 2023 after showing no growth in the previous period and missing market expectations of a 0.3% increase. Output declined for most industrial groupings, mainly seen for food, beverages & tobacco (-0.3% vs -0.4% in February), refined petroleum, chemicals & pharmaceuticals (-0.8% vs 0.4%), basic metals (-1.3% vs 1.3%) and machinery & equipment (-0.2% vs -.7%). On the other hand, production accelerated for ships, boats & oil platforms (0.8% vs 0.1%) and computer & electrical equipment (1.2% vs 0.6%). On a yearly basis, manufacturing output fell 0.3%, reversing a 1.5% advance in February. source: Statistics Norway
Manufacturing Production MoM in Norway averaged 0.08 percent from 1990 until 2023, reaching an all time high of 7.40 percent in June of 1996 and a record low of -5.30 percent in May of 1996. This page includes a chart with historical data for Norway Manufacturing Production MoM. Norway Manufacturing Production MoM - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Manufacturing Production MoM in Norway is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Manufacturing Production MoM is projected to trend around 0.40 percent in 2024 and 0.30 percent in 2025, according to our econometric models.