Norway Industry February 2019

Norway

Norway: Industrial production falls in February for fourth consecutive month

April 5, 2019

Industrial production fell a seasonally-adjusted 1.8% in February compared to the previous month, slightly less than the 2.2% fall in January, according to Statistics Norway. The latest decrease was primarily due to lower output in the extraction and related services sector, which is the largest industrial sector in Norway. In addition, the electricity, gas and steam, and manufacturing sectors both recorded lower production levels.

In annual terms when adjusted for working days, industrial production fell 5.7% in February, representing a larger fall than January’s 3.4% decline. Annual average growth in industrial production slowed to 0.1%, down from 0.7% in January.

FocusEconomics Consensus Forecast panelists project that industrial production will grow 1.7% in 2019, which is up 0.2 percentage points from last month’s projection, and 1.9% in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Industry in Norway? Download a sample report now.

Download

Norway Industry Chart


Norway Industry February 2019

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Statistics Norway (SSB).


Norway Economic News

More news

Search form