Norway skyline at night

Norway Industrial production May 2021

Norway: Industrial activity remains broadly unchanged in May

Industrial output dropped 0.3% month-on-month in seasonally-adjusted terms in May (April: -0.1% mom). The sharper drop was largely driven by a deterioration in electricity, gas and steam output, while extraction and related services production—which accounts for around 65% of industrial output in Norway contracted at April’s rate. In contrast, manufacturing, mining and quarrying output dropped at a softer pace.

On a seasonally- and calendar-adjusted annual basis, industrial production increased 2.1% in May, which was above April’s 0.9% expansion. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at plus 3.2%, down from April’s 3.3%.

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