Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway
NORPROINDMISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.71
Year-over-Year Change
-4.06%
Date Range
1/1/1955 - 12/1/2023
Summary
The Production Volume: Economic Activity: Industry (Except Construction) for Norway tracks industrial production levels in the Norwegian economy, excluding the construction sector. This metric is a key indicator of overall economic health and manufacturing output.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This industrial production index measures changes in the total volume of goods produced by Norwegian industries, not including construction activities. It is used by economists and policymakers to assess the strength and direction of the broader Norwegian economy.
Methodology
The data is collected through surveys of Norwegian manufacturers and compiled by national statistical agencies.
Historical Context
Industrial production trends are closely watched by the Norges Bank and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Norway is a major industrial exporter, with manufacturing accounting for over 30% of GDP.
- This index has shown steady growth in Norwegian industrial output since the global financial crisis.
- Fluctuations in the industrial production index can signal changes in consumer demand, business investment, and trade flows.
FAQs
Q: What does this economic trend measure?
A: The Production Volume: Economic Activity: Industry (Except Construction) for Norway index tracks the total volume of goods produced by Norwegian manufacturing and industrial sectors, excluding construction.
Q: Why is this trend relevant for users or analysts?
A: This industrial production metric is a key indicator of overall economic health and the strength of Norway's export-oriented manufacturing base, providing insights for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Norwegian manufacturers and compiled by national statistical agencies.
Q: How is this trend used in economic policy?
A: Industrial production trends are closely watched by the Norges Bank and other institutions to inform monetary and fiscal policy decisions aimed at supporting economic growth and stability.
Q: Are there update delays or limitations?
A: The industrial production index is published on a monthly basis, with a typical delay of 4-6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway (NORPROINDMISMEI), retrieved from FRED.