Norway skyline at night

Norway Industrial production July 2022

Norway: Industrial output bounces back in July

Industrial output increased 1.5% in month-on-month seasonally-adjusted terms in July, which contrasted June’s 1.4% decrease. The notable turnaround was partly driven by a strong rebound in extraction and related services—which accounts for around 65% of industrial output in Norway—output. In addition, manufacturing, mining and quarrying production improved.

On an annual basis, industrial production rose at a more moderate pace of 1.8% in working-day adjusted terms in July (June: +2.3% yoy), the weakest result since February. Still, annual average industrial production growth rose to 3.3% in July (June: +3.2%). This signals an improving 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