Norway Industrial Confidence  1988-2016 | Data | Chart | Calendar

Business confidence in Norway fell to -5 in the third quarter of 2016 from -2 in the second quarter while market expected a flat reading. The downturn was mainly due to a further decline in the output from manufacturers of capital goods, where low activity among suppliers to the oil and gas sectors continued. In contrast, production went up for intermediate and consumer goods. Meanwhile, general outlook for the coming quarter is positive, which is the first positive assessment in eighth quarters. However, business leaders report that investment plans are adjusted downwards and that employment will see a further drop. Business Confidence in Norway averaged 2.69 from 1988 until 2016, reaching an all time high of 20.10 in the fourth quarter of 2006 and a record low of -22.90 in the fourth quarter of 2008.

Norway Industrial Confidence
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-04-28 08:00 AM Q1 -7 -8 -5
2016-07-29 08:00 AM Q2 -2 -7 -5
2016-10-28 06:00 AM Q3 -5 -2 0 -5
2017-01-27 09:00 AM Q4
2017-04-28 08:00 AM Q1
2017-07-28 08:00 AM Q2




Norway Business Last Previous Highest Lowest Unit
Business Confidence -5.00 -2.00 20.10 -22.90 [+]
Manufacturing PMI 47.60 52.00 64.60 34.80 [+]
Industrial Production -12.40 -6.40 15.40 -13.10 percent [+]
Industrial Production Mom -5.60 -4.90 12.30 -9.30 percent [+]
Manufacturing Production -5.60 -7.50 8.90 -10.40 percent [+]
Capacity Utilization 77.50 77.30 85.50 76.20 percent [+]
New Orders 102.50 102.30 171.00 39.70 Index Points [+]
Changes in Inventories 34289.00 43878.00 58918.00 3266.00 NOK Million [+]
Bankruptcies 389.00 406.00 595.00 43.00 Companies [+]
Car Registrations 13839.00 14957.00 19014.50 4089.00 Cars [+]
Competitiveness Index 5.44 5.41 5.44 5.14 Points [+]
Competitiveness Rank 11.00 11.00 17.00 11.00 [+]
Ease of Doing Business 6.00 8.00 10.00 6.00 [+]
Electricity Production 10554.00 10387.00 16376.00 6653.00 Gigawatt-hour [+]
Corruption Index 87.00 86.00 91.00 79.00 Points [+]
Corruption Rank 5.00 5.00 14.00 5.00 [+]
Steel Production 53.10 57.72 97.00 0.00 Thousand Tonnes [+]
Mining Production 8.40 7.10 69.00 -28.20 percent [+]



Norway Industrial Confidence Notes

In Norway, Industrial confidence indicator (ICI) Business tendency survey is the arithmetic average of the responses (balances) to the questions on production expectations, total stock of orders and inventories of own products. The indicator is a guide to the level of industrial production since: an expected rise in the level of output gives signals of increased production in the forthcoming quarter; an increase in the total stock of orders indicates a higher level of production due to the future fulfillment of these orders; an increase in the inventories of own products indicates slow sales and reduced activity. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Confidence - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-5.00 -2.00 20.10 -22.90 1988 - 2016 Quarterly
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