Norway's industrial confidence indicator increased to 11.3 in Q2 of 2021 from an upwardly revised 8.6 in the previous period. It was the highest reading since the first quarter 2007, as production, new orders and stock of orders increased. Manufacturers reported an increase in production of intermediate and consumer goods, with capital goods reporting moderate growth. The general outlook for Q3 of 2021 is overall positive, and the proportion with an optimistic view for the coming quarter is higher than in the previous survey. Although producers of all good types have positive expectations, it is producers of intermediate goods who have the most optimistic view related to the third quarter. Industry leaders report that growth rate for production, new orders and employment are expected to increase further. source: Statistics Norway
Business Confidence in Norway averaged 2.76 points from 1988 until 2021, reaching an all time high of 20.10 points in the fourth quarter of 2006 and a record low of -22.90 points in the fourth quarter of 2008. This page provides - Norway Business Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Industry Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Business Confidence in Norway is expected to be 15.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Norway to stand at 7.00 in 12 months time. In the long-term, the Norway Industry Confidence is projected to trend around 4.00 points in 2022 and 2.00 points in 2023, according to our econometric models.