Norway Industrial Production y/y

Country:
Norway
NOK, Norwegian Krone
Sector:
Business
Low 5.9% -19.0%
3.4%
Last release Importance Actual Forecast
Previous
8.5%
5.9%
Next release Actual Forecast
Previous
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Industrial Production y/y is an indicator of changes in the output of Norwegian industrial companies, in the given month compared to the same month a year ago.

The production index is part of the short-term statistics calculated to monitor the state of the country's economy. In addition, it is part of Norway's quarterly national accounts and thus contributes to GDP calculation.

The index is calculated based on a monthly survey of 1,600 companies, conducted by the Norwegian Central Bureau of Statistics. The survey is mandatory and companies failing to provide data can be fined.

Output is evaluated by two variables, depending on company operation sector. For some industries, such as agriculture, mining and others, the physical volume of production is measured. For other industries, such as textiles, printing and similar industries, the production is measured in terms of working hours.

The Industrial Production Index is one of the most important indicators of short-term economic statistics for the country. Analysts use it to evaluate early changes in economic development, as well as to forecast Norwegian GDP.

Production growth indicates an expansion of the national economy and is therefore seen as positive for the Norwegian krone quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Norway Industrial Production y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2024
5.9%
-19.0%
3.4%
Apr 2024
3.4%
22.5%
4.6%
Mar 2024
4.6%
-8.7%
2.0%
Feb 2024
1.8%
13.4%
8.3%
Jan 2024
8.3%
-1.2%
7.8%
Dec 2023
-1.0%
-2.6%
-6.2%
Nov 2023
-6.2%
-13.7%
-9.1%
Oct 2023
-17.7%
-24.2%
-20.1%
Sep 2023
-20.1%
-12.8%
-8.7%
Aug 2023
-8.7%
3.8%
-1.5%
Jul 2023
-1.5%
-8.8%
-11.0%
Jun 2023
-11.0%
-12.0%
-11.1%
May 2023
-11.1%
-6.6%
-4.9%
Apr 2023
-4.7%
-2.5%
-5.4%
Mar 2023
-5.4%
-0.2%
-6.0%
Feb 2023
-6.0%
-1.2%
-6.6%
Jan 2023
-6.6%
-1.8%
0.0%
Dec 2022
0.0%
5.9%
4.5%
Nov 2022
4.5%
1.1%
3.5%
Oct 2022
3.5%
0.3%
0.9%
Sep 2022
0.9%
5.4%
4.7%
Aug 2022
4.7%
0.7%
1.8%
Jul 2022
1.8%
2.4%
2.3%
Jun 2022
2.3%
4.1%
4.9%
May 2022
5.1%
2.3%
3.0%
Apr 2022
3.0%
2.0%
3.0%
Mar 2022
3.0%
-0.7%
1.6%
Feb 2022
1.6%
1.4%
0.2%
Jan 2022
0.2%
3.3%
2.0%
Dec 2021
1.8%
-0.8%
2.3%
Nov 2021
2.3%
5.2%
6.9%
Oct 2021
6.9%
4.2%
7.9%
Sep 2021
7.9%
-2.5%
2.7%
Aug 2021
2.7%
-0.1%
1.3%
Jul 2021
1.3%
4.0%
4.3%
Jun 2021
4.3%
4.0%
2.1%
May 2021
2.1%
5.5%
0.9%
Apr 2021
0.9%
1.7%
0.6%
Mar 2021
0.6%
-1.7%
1.5%
Feb 2021
1.5%
7.8%
5.9%
Jan 2021
5.9%
3.9%
2.7%
Dec 2020
2.7%
-3.6%
-0.7%
Nov 2020
-0.7%
-0.4%
0.0%
Oct 2020
0.0%
6.9%
6.3%
Sep 2020
6.3%
8.4%
8.3%
Aug 2020
8.3%
4.8%
7.4%
Jul 2020
7.4%
1.0%
3.1%
Jun 2020
3.1%
2.4%
3.1%
May 2020
3.0%
6.6%
5.4%
Apr 2020
5.4%
6.9%
7.6%

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