Norway skyline at night

Norway Industry December 2017

Norway: Industrial production decreases in December

According to Statistics Norway, industrial production fell a seasonally-adjusted 0.4% from the previous month in December, a swing from November’s revised increase of 0.4% (previously reported: +0.6% month-on-month).

A contraction in the extraction and related services sector—the largest industrial sector in Norway—spurred the decrease. A fall in output in the mining and quarrying and electricity, gas and steam sectors also pushed industrial production down in December. Meanwhile, the manufacturing sector had a good performance in December, expanding compared to the previous month.

In annual terms, industrial production increased 0.3% in December, up from the 1.3% contraction recorded in November. This was predominantly due to a larger manufacturing sector, as well as a larger electricity, gas and steam sector; on the other hand, the extraction and related services sector and the mining and quarrying sector both shrank. Annual average growth in industrial production accelerated to 2.3% in December compared to 2.1% in November.

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