Norway skyline at night

Norway Industrial production February 2023

Norway: Industrial activity records smallest drop in six months in February

Industrial output decreased 0.1% month-on-month in seasonally adjusted terms in February (January: -8.3% mom). February’s reading was the softest contraction since August 2022. Looking at the details of the release, the outturn largely reflected growing electricity, gas and steam production. That said, the expansion was unable to offset extraction and related services—which account for around 65% of industrial output in Norway—weakening.

On an annual basis, industrial production plummeted 6.0% in working-day adjusted terms in February, easing from January’s 6.6% fall. Meanwhile, annual average industrial production growth fell to 1.3% in February (January: +1.9%). This signals a worsening trend in the industrial sector.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest