Manufacturing Production y/y is an indicator of changes in the output of Norwegian industrial companies from all Norwegian manufacturing sectors, including mining, oil production, food production, etc. The indicator reflects a change in the total value added for manufactured goods, in the given month compared to the same month of the previous year.
It is one of the most important indicators of short-term economic statistics for the country. In addition, it is part of Norway's quarterly national accounts and thus contributes to GDP calculation. A rising index may indicate an expansion of the economy and is therefore seen as positive for NOK quotes.
