Norway Industrial Production  1991-2017 | Data | Chart | Calendar

Industrial production in Norway rose 1.2 percent from a year earlier in February of 2017, compared to a 1.3 percent growth in January. It was the second straight month of gain, supported by a rise in the output of mining and quarrying (20.4 percent from 33.3 percent in a month earlier). In contrast, output fell for extraction and related services (-0.6 percent from -0.1 percent); manufacturing (-1.4 percent from -0.8 percent, dragged by a 13.9 percent drop in machinery and equipment) and electricity, gas and steam supply (-4.9 percent from -6.8 percent). On a monthly basis, industrial production fell 0.5 percent, compared to a 3.4 percent rise in January. Industrial Production in Norway averaged 0.33 percent from 1991 until 2017, 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.

Norway Industrial Production
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-06 07:00 AM Dec -1.4% 1.3% -0.3%
2017-03-07 07:00 AM Jan 1.3% -1.4% -0.2%
2017-04-07 06:00 AM Feb 1.2% 1.3% 1.1%
2017-05-08 06:00 AM Mar 1.2% 0.39%
2017-06-08 06:00 AM Apr -0.02%
2017-07-07 06:00 AM May 0.07%




Norway Business Last Previous Highest Lowest Unit
Business Confidence 1.10 -0.20 20.10 -22.90 [+]
Manufacturing PMI 54.70 53.00 64.80 34.70 [+]
Industrial Production 1.20 1.30 15.40 -13.10 percent [+]
Industrial Production Mom -0.50 3.30 12.30 -9.30 percent [+]
Manufacturing Production -1.40 -0.80 8.90 -10.40 percent [+]
Capacity Utilization 77.00 76.80 85.50 76.20 percent [+]
New Orders 106.70 102.50 171.00 39.70 Index Points [+]
Changes in Inventories 38054.00 32918.00 58918.00 3266.00 NOK Million [+]
Bankruptcies 463.00 419.00 595.00 43.00 Companies and persons [+]
Car Registrations 12964.00 15265.00 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 15311.00 14110.00 16376.00 6653.00 Gigawatt-hour [+]
Corruption Index 85.00 87.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Steel Production 50.97 45.00 97.00 0.00 Thousand Tonnes [+]
Mining Production 20.40 33.30 69.00 -28.20 percent [+]


Norway Industrial Production Notes

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 71 percent of total production. The biggest segments within Extraction and related services are: Extraction of crude petroleum (38 percent of total output) and extraction of natural gas (29 percent). Manufacturing accounts for 23 percent of total production, mainly: Food, beverages and tobacco (5 percent); machinery and equipment (3 percent); refined petroleum, chemicals and pharmaceutical products (2 percent); repair, installation of machinery (2 percent); computer and electrical equipment (2 percent); fabricated metal products (2 percent); and ships, boats and oil platforms (2 percent). Electricity, gas and steam account for 5 percent of total output; and Mining and quarrying account for 1 percent. This page provides - Norway Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industrial Production - actual data, historical chart and calendar of releases - was last updated on April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.30 15.40 -13.10 1991 - 2017 percent Monthly
2005=100, WDA



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