Latest reading: Manufacturing production was up 8.6% in seasonally adjusted month-on-month terms in March, following a 4.5% fall in the...
Industrial Production in Norway
The Norwegian economy recorded an average industrial production growth rate of 0.8% in the decade to 2024. In 2024, industrial production growth was 4.8%. For more industry information, visit our dedicated page.
Norway Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Norway from 2014 to 2025.
Source: Macrobond.
Norway Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 2.5 | -0.4 | 0.0 | 4.8 | 0.8 |
Industrial production shrinks in February
Latest reading: Industrial production declined 0.7% on a seasonally adjusted month-on-month basis in February, following a 1.2% rise in the previous month. Relative to the previous month's data, readings in February softened for manufacturing (-0.4% on a seasonally adjusted month-on-month basis vs -0.2% in January), electricity, gas and steam (-14.0% vs +6.8% in January) plus extraction and related services (+0.3% vs +1.1% in January); these services account for nearly 75% of industrial output in Norway. On a working-day adjusted year-on-year basis, industrial production was up 3.3% in February, following 6.3% growth in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Norwegian industry projections for the next ten years from a panel of 5 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Norwegian industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Norwegian industry projections.
Want to get access to the full dataset of Norwegian industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Denmark: Manufacturing production returns to growth in March -
France: Industrial production returns to growth in March Latest reading: Industrial production—excluding construction—was up 1.0% on a working-day and seasonally adjusted month-on-month basis in March, following a 0.9%... -
Thailand: Manufacturing production gains steam in March Latest reading: Manufacturing production increased 0.8% on a year-on-year basis in March, following 0.1% growth in the previous month. Relative... -
Croatia: Industrial production decelerates in March Latest reading: Industrial production rose 0.8% on a working-day adjusted year-on-year basis in March, following a 1.2% increase in the... -
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Lithuania: Industrial production gains momentum in March Latest reading: Industrial production increased 4.8% on a year-on-year basis in March, following 1.8% growth in the previous month. Relative... -
Taiwan: Industrial production speeds up in March Latest reading: Industrial production increased 28.7% on a year-on-year basis in March, following 16.6% growth in the prior month. March’s...