Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway
NORPROINDQISMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.39
Year-over-Year Change
0.54%
Date Range
1/1/1955 - 10/1/2023
Summary
This economic trend measures the production volume of the Norwegian industrial sector, excluding construction. It provides insight into the overall level of economic activity and industrial output in Norway.
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
The Production Volume: Economic Activity: Industry (Except Construction) for Norway metric tracks the production levels of the Norwegian industrial sector, excluding the construction industry. This data is used by economists and policymakers to assess the health and performance of the Norwegian economy.
Methodology
The data is collected through surveys of industrial establishments in Norway.
Historical Context
This trend is closely monitored by the Norwegian government and central bank to inform economic and industrial policy decisions.
Key Facts
- Norway is a major industrial economy in Scandinavia.
- The manufacturing sector accounts for over 20% of Norway's GDP.
- Industrial production data is a key indicator of Norway's economic performance.
FAQs
Q: What does this economic trend measure?
A: This trend measures the production volume of the Norwegian industrial sector, excluding the construction industry. It provides insight into the overall level of economic activity and industrial output in Norway.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by economists, policymakers, and market analysts as it offers valuable insights into the health and performance of the Norwegian economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of industrial establishments in Norway.
Q: How is this trend used in economic policy?
A: The Norwegian government and central bank monitor this trend closely to inform their economic and industrial policy decisions.
Q: Are there update delays or limitations?
A: There may be some delays in the publication of this data, as it is collected through surveys of industrial establishments.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway (NORPROINDQISMEI), retrieved from FRED.