Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway
PRINTO01NOA661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.30
Year-over-Year Change
3.96%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic indicator measures the production volume of industries in Norway, excluding the construction sector. It provides insights into the overall economic activity and performance of the Norwegian industrial sector.
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, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway series tracks the production output of various industries in the country, excluding the construction industry. This metric is a key indicator of the health and performance of the Norwegian industrial sector, which is an important driver of the nation's economy.
Methodology
The data is collected and calculated by Norway's statistical agency, Statistics Norway.
Historical Context
This industrial production index is used by policymakers, economists, and market analysts to assess the broader trends and conditions of the Norwegian economy.
Key Facts
- Norway is a major industrial economy in Europe.
- The industrial sector excluding construction accounts for a significant portion of Norway's GDP.
- This production index is a leading indicator of overall Norwegian economic performance.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the production volume of industries in Norway, excluding the construction sector. It provides insights into the overall economic activity and performance of the Norwegian industrial sector.
Q: Why is this trend relevant for users or analysts?
A: The industrial production index is a key indicator of the health and performance of the Norwegian economy, as the industrial sector plays a significant role in the country's GDP and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Norway's statistical agency, Statistics Norway.
Q: How is this trend used in economic policy?
A: This industrial production index is used by policymakers, economists, and market analysts to assess the broader trends and conditions of the Norwegian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by Statistics Norway, but there may be occasional delays or revisions to the information.
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Citation
U.S. Federal Reserve, Production, Sales, Work Started and Orders: Production Volume: Economic Activity: Industry (Except Construction) for Norway (PRINTO01NOA661N), retrieved from FRED.