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.

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Norway Manufacturing Production MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-04-05 06:00 AM Feb 0% 1.02% 0.2%
2023-05-05 06:00 AM Mar -0.4% 0% 0.3% -0.5%
2023-06-07 06:00 AM Apr -0.4% -0.3%


Related Last Previous Unit Reference
Business Confidence -0.40 -3.30 points Mar 2023
Industrial Production Mom 2.10 0.10 percent Mar 2023
Industrial Production -5.40 -6.00 percent Mar 2023
Manufacturing Production -0.30 1.50 percent Mar 2023
Capacity Utilization 79.20 80.10 percent Mar 2023
New Orders 146.10 97.80 points Dec 2017
Changes in Inventories 34999.00 15435.00 NOK Million Mar 2023
Bankruptcies 509.00 392.00 Companies and Individuals Mar 2023
Car Registrations 11841.00 14478.00 Units Apr 2023
Manufacturing Production MoM -0.40 0.00 percent Mar 2023
Mining Production 3.50 -0.60 percent Mar 2023
Leading Economic Index 0.50 -0.20 percent Mar 2023

Norway Manufacturing Production MoM
In Norway, 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).
Actual Previous Highest Lowest Dates Unit Frequency
-0.40 0.00 7.40 -5.30 1990 - 2023 percent Monthly
SA

News Stream
Norway Manufacturing Output Drops in March
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.
2023-05-05
Norway Manufacturing Output Shows No Growth
Norway’s manufacturing production was stagnant month-over-month in February 2023, following an upwardly revised 1.02% growth in the previous month. Output slowed for textiles, wearing apparel & leather (1.6% vs 2.1%), computer & electrical equipment (0.3% vs 3.9%), and ships, boats & oil platforms (0.1% vs 1.9%). At the same time, output fell for wood & wood products (-3% vs 2.3%), paper & paper products (-4.3% vs 3.1%), printing, reproduction (-0.9% vs 1.7%), rubber, plastic & mineral production (-1.6% vs 0%), fabricated metal products (-1.8% vs 4.4%), and machinery & equipment (-0.6% vs 3.1%). Meanwhile, output increased for both basic metals (1.5% vs 0.5%) and transport equipment n.e.c (1.4% vs 1%), while rebounded for refined petro, chemicals, pharmacy (0.5% vs -2%) and repair, installation of machinery (2.5% vs -0.3%). On an annual basis, manufacturing production grew 1.5% in February, recovering from a downwardly revised 0.7% fall in the previous month.
2023-04-05
Norway Manufacturing Output Recovers in January
Norway’s manufacturing production rose 0.9% month-on-month in January 2023, recovering from two consecutive declines, an upwardly revised 0.8% in December and 0.5% in November. Output rebounded for most industrial groupings, led by fabricated metal products (4.5% vs -1.3% in December), computer & electrical equipment (3.7% vs -3.3%), machinery & equipment (3.2% vs 0%) and paper & paper products (2.9% vs -3.3%). Additionally, growth in production were also seen for wood & wood products (2% vs 0.4%), textiles, wearing apparel & leather (1.9% vs -0.1%), printing reproduction (1.7% vs 0.2%), transport equipment (0.7% vs -2.1%), rubber, plastic & mineral production (0.1% vs -1.9%) and basic metals (0.3% vs -2%). On an annual basis, industrial output shrank 0.8%, after a 0.4% gain in the previous month.
2023-03-07