FX.co ★ Norway Industrial Confidence Falls to Over 1-Year Low

In the second quarter of 2025, Norway experienced a decline in its industrial confidence indicator, which fell to 0.9, down from a revised 3.4 in the first quarter. This figure sits below the long-term average of 2.9, marking it the lowest point since the first quarter of 2024. The dip reflects weaker sentiment among producers of both capital and consumer goods, although intermediate goods producers displayed a more positive outlook. While new orders from export markets saw a slight decrease, domestic market orders remained steady. Despite challenges, there was a modest increase in production among most intermediate and consumer goods producers, and a noticeable rise in output from capital goods manufacturers. Many industrial managers reported rising prices in both domestic and international markets, with consumer goods producers facing the most significant increase in cost prices. On a promising note, total employment within the industry saw an upswing, largely driven by the capital goods sector. As they look to the third quarter of 2025, industry insiders maintain a neutral forecast.