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

Industrial production in Norway fell 1.4 percent from a year earlier in December 2016, following a 1.3 percent rise in the previous month. It was the first decline since September, as output dropped for extraction and related services (-1.6 percent from 3.8 percent in November); and manufacturing (-2.0 percent from -4.2 percent), dragged by machinery and equipment (-17.2 percent) and food, beverage and tobacco (-6.8 percent). By contrast, production rose the most for mining and quarrying (10.3 percent from 9.4 percent in November) and electricity, gas and steam supply (1.5 percent 0.9 percent). On a monthly basis, industrial production decreased by 2.7 percent, compared to a 0.5 percent rise in November. Considering the fourth quarter of 2016, industrial output increased by 3.8 percent, the first rise in three quarters. Industrial Production in Norway averaged 0.32 percent from 1991 until 2016, 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)
2016-12-07 07:00 AM Oct 0.7% -12.4% -4.9%
2017-01-06 07:00 AM Nov 1.3% 0.7% -0.51%
2017-02-06 07:00 AM Dec -1.4% 1.3% -0.3%
2017-03-07 07:00 AM Jan -1.4% -2.16%
2017-04-07 06:00 AM Feb -1.03%
2017-05-08 06:00 AM Mar -0.75%




Norway Business Last Previous Highest Lowest Unit
Business Confidence 0.00 -5.00 20.10 -22.90 [+]
Manufacturing PMI 51.40 51.60 64.80 34.70 [+]
Industrial Production -1.40 1.30 15.40 -13.10 percent [+]
Industrial Production Mom -2.70 0.70 12.30 -9.30 percent [+]
Manufacturing Production -2.00 -4.20 8.90 -10.40 percent [+]
Capacity Utilization 76.80 77.50 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 372.00 272.00 595.00 43.00 Companies and persons [+]
Car Registrations 16757.00 15450.00 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 14110.00 13167.00 16376.00 6653.00 Gigawatt-hour [+]
Corruption Index 87.00 86.00 91.00 79.00 Points [+]
Corruption Rank 6.00 5.00 14.00 5.00 [+]
Steel Production 42.06 57.22 97.00 0.00 Thousand Tonnes [+]
Mining Production 10.30 9.40 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 1.30 15.40 -13.10 1991 - 2016 percent Monthly
2005=100, WDA



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