Norway Industry January 2016


Norway: Industrial production stable in January

March 7, 2016

In January, industrial production was stable over the previous month in seasonally-adjusted terms, marking an improvement from the 1.0% drop recorded in December and representing the highest reading since September 2015. January’s reading reflected a strong expansion in the electricity gas and steam component that was offset by contractions in manufacturing as well as mining and quarrying.

In annual terms, industrial production contracted 0.2%, which was above the 2.0% drop recorded in December. Moreover, annual average growth in industrial production was stable at the 0.7% recorded in December.

FocusEconomics Consensus Forecast panelists project that industrial production will increase 1.0% in 2016, which is unchanged over the previous month’s forecast. For 2017, the panel expects that industrial production will increase 2.6%.

Author:, Economist

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Norway Industry Chart

Norway Industry January 2016

Note: Month-on-month seasonally adjusted and year-on-year variation in %.
Source: Office for National Statistics (ONS).

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